FAQ |
Wen burn? Now burn. Who burn? U burn. Why burn? "Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone." Satoshi, 2010 How to burn? To burn eCash, send it to Satoshi's wallet address. You can scan the QR code at the top of the page or click it to copy the address. The coins you send to Satoshi are effectively removed from circulation as Satoshi's wallets have been inactive for years. WARNING: Only burn coins you are willing to permanently lose! Is that really Satoshi's address? The Bitcoin genesis block was mined in January 2009, which can be verified on any Bitcoin block explorer, for example here. The output address is Satoshi's Bitcoin address, 1A1z...vfNa. Using an address converter, you can get Satoshi's eCash address, ecash:qp3w...fmzn. Satoshi has many more wallets with a combined amount of over one million BTC, or one trillion XEC. What's eCash? eCash is digital cash for the Internet. It is designed for fast, low-cost transactions. It operates on a decentralized network, allowing direct peer-to-peer transfers without intermediaries. While based on Bitcoin's technology, eCash offers improved transaction speed and lower fees. What's the eCash supply? The total supply is 21 million x million = 21 trillion. The current circulating supply is over 19 trillion XEC. A large portion of that is lost, meaning the private keys needed to spend the coins are lost for various reasons. The amount of lost eCash is estimated to be at least 4 trillion. Is the supply too high? No. The supply is equivalent to Bitcoin when measured in satoshis. Both have a total supply of 2.1 quadrillion satoshis. eCash simply uses a smaller base unit to avoid dealing with tiny numbers. Think of the eCash supply as 21 million MegaXEC, similar to the 21 million Bitcoin. Will devs burn? No. Unlike coins where devs or VCs receive a large allocation, every eCash coin was mined using proof of work. In other words, coins are not created out of thin air, but by miners investing in hardware and electricity. In eCash, a portion of the block reward is sent to a dev fund. This fund is used to finance the devs who maintain the code, ensuring the network runs smoothly. It also allows them to pursue the eCash roadmap without external pressure. How to get eCash? You can buy it on exchanges, get a bit from faucets, or receive it peer-to-peer. How to send eCash? You can use one of the many wallets to easily send and receive eCash. Cashtab is a great web-based wallet - don't forget to write down your seed phrase. What's SHMOK? The eCash-burning dragon and token. Burn eCash, get SHMOK. Zero utility, pure meme. Rock your SHMOK. |
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