Epic Cash

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Discover Epic Cash's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Epic Cash?

Epic Cash (EPIC) is a privacy-focused, decentralized cryptocurrency designed to provide secure, private, and untraceable transactions. It runs on the Mimblewimble protocol, ensuring that no transaction information is stored on its blockchain, making it immune to quantum computing decryption. With a maximum supply of 21 million coins, Epic Cash prioritizes privacy, security, and scalability, aiming to be a fully-fledged replacement for cash.

How is Epic Cash used?

Epic Cash (EPIC) is a decentralized, privacy-focused cryptocurrency that operates on the Mimblewimble protocol. This protocol ensures that all transactions are private and secure, making it an ideal replacement for traditional cash. Here are the key aspects of how Epic Cash is used:

  1. Wallets: Users can access their Epic Cash through both desktop and mobile wallets, which can be downloaded from the official website.

  2. Mining: Epic Cash employs a polyphasic proof-of-work mining algorithm, which is divided into 48% CPU, 48% GPU, and 4% ASICs. This distribution prevents ASICs from dominating mining, making it accessible to home computers.

  3. Transactions: Transactions are constructed interactively between wallets using a three-step process, involving stealth addresses and a "coin join" mechanism. This process eliminates the need to store transaction history, making the blockchain lightweight and efficient.

  1. Privacy: Epic Cash transactions are completely private, and the blockchain does not store any transaction information. This ensures that all transactions are anonymous and immune to the decrypting power of quantum computers.

  2. Supply: The total supply of Epic Cash is capped at 21 million coins, similar to Bitcoin. This limited supply contributes to its value and rarity.

  3. Divisibility: Each Epic Cash coin is divisible into 100 million units, making it highly divisible and suitable for small transactions.

  1. Scalability: The Epic Cash blockchain is extremely lightweight, with a size of just 3 GB, allowing it to fit on a cell phone. This makes it highly scalable and efficient.

  2. Immutable: Once a transaction is sent, it cannot be stopped or reversed by third parties, ensuring that transactions are final and irreversible.

Overall, Epic Cash is designed to provide a secure, private, and efficient means of conducting transactions, making it a viable alternative to traditional currencies.

How do I store Epic Cash?

To store Epic Cash (EPIC) tokens, you can use a variety of wallets that support the cryptocurrency. Here are some options:

  1. Epic Pay Mobile Wallet: This is a simple, easy-to-understand light wallet available on Google Play for Android devices. It allows you to send, receive, and store your Epic Cash with transactions powered by Epic Post technology.

  2. Desktop Wallet: Epic Cash offers a desktop wallet that can be downloaded from their official website. This wallet is suitable for users who prefer to manage their EPIC tokens from a desktop environment.

  3. Crypto Wallets: You can also store EPIC tokens in other popular crypto wallets such as Coinbase Wallet, MetaMask, or TrustWallet. These wallets are available as browser extensions or mobile apps and support a wide range of cryptocurrencies.

When setting up your wallet, make sure to follow the necessary security steps, such as creating a strong password and securely storing your secret recovery phrase or seed words. This ensures the safety and accessibility of your EPIC tokens.

How to buy Epic Cash?

To buy Epic Cash (EPIC) tokens, follow these steps:

  1. Choose a Crypto Wallet: Select a reliable and reputable crypto wallet that supports Epic Cash (EPIC). Popular options include Coinbase Wallet, MetaMask, and TrustWallet. Ensure the wallet is compatible with your device and payment method.

  2. Set up Your Wallet: Create an account, provide personal information, and set a strong password. You will be given a secret recovery phrase or seed words, which are crucial for recovering your wallet in case of loss. Note these down accurately.

  3. Buy a Base Currency: Choose a cryptocurrency exchange platform and buy a base currency, such as Bitcoin, Ethereum, or Tether. This will be used to trade for EPIC.

  1. Transfer Funds to Your Wallet: Withdraw the base currency to your crypto wallet. Log into your exchange account, provide your wallet address, and transfer the desired amount. Wait for the funds to appear in your wallet.

  2. Choose a Decentralized Exchange (DEX): Select a DEX that supports your wallet. For example, if you use the Binance wallet, you can use Pancake Swap. Ensure the DEX supports the EPIC token.

  3. Buy Epic Cash (EPIC): Connect your wallet to the DEX and select EPIC from the list. Enter the amount you want to trade and complete the transaction.

  1. Alternative Methods: If EPIC is not listed on the DEX, you can use tools like bscscan or etherscan to locate the smart contract address. Be cautious of scams and ensure you have the correct contract address.

Additionally, you can buy EPIC directly through certain crypto wallets or on centralized exchanges like KuCoin, following similar steps.

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History of Epic Cash

Epic Cash (EPIC) is a privacy-focused cryptocurrency that was launched on September 3, 2019, by a decentralized worldwide community. It was created without an initial coin offering (ICO) or pre-mine, ensuring a fair distribution of coins. The project is committed to providing secure, decentralized, and private financial solutions, mirroring the principles of Bitcoin but with advanced technology.

Epic Cash operates on the Mimblewimble protocol, which ensures that no transaction information, such as wallet addresses or amounts, is stored on the blockchain. This makes it highly resistant to decryption by quantum computing and provides complete privacy for transactions. The blockchain is also space-efficient, discarding historical transaction data in a process known as "Cut-Through," making it lightweight and scalable.

The cryptocurrency has a maximum supply of 21 million coins, similar to Bitcoin, and uses a polyphasic proof-of-work algorithm that allows mining using CPUs, GPUs, and ASICs. This promotes fair distribution and energy efficiency. Epic Cash has a robust community and ecosystem, with user-friendly mobile and desktop wallets, comprehensive guides, and support for users and developers.

In June 2024, Epic Cash celebrated its fifth anniversary, marking five years of continuous innovation and commitment to providing secure, decentralized, and private financial solutions. The community has been actively involved in the project's development, and the cryptocurrency has seen significant growth and adoption over the years.

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How Epic Cash works

Epic Cash (EPIC) is a decentralized, privacy-focused cryptocurrency that operates on the Mimblewimble protocol. This protocol ensures that all transactions are completely private and secure, making it immune to the decrypting power of upcoming quantum computing. Here are the key features and how it works:

Private Transactions

Epic Cash transactions are private because they do not store any wallet addresses or amounts on the blockchain. This is achieved through a process called Coinjoin, where multiple transactions are aggregated to conceal the connections between transacting parties. Additionally, the Dandelion++ protocol makes transaction digital pathways inexplicit from the sender's IP address, and Confidential Transactions split transactions into bits, using blinding factors to make the details anonymous.

Lightweight Blockchain

The Epic Cash blockchain is extremely lightweight, with a size of just 3 GB, making it small enough to fit on a cell phone. This is in contrast to other Layer 1 (L1) chains, which are much larger. The blockchain does not store transaction information, which contributes to its compact size.

Mining Algorithm

Epic Cash uses a polyphasic proof-of-work mining algorithm, which is divided into three components: 48% CPU, 48% GPU, and 4% ASICs. This algorithm prevents Application-Specific Integrated Circuits (ASICs) from dominating mining, making it accessible to home computers.

Scalability and Speed

Epic Cash transactions are fast, taking only 60 seconds to complete. The blockchain is designed to be scalable, with the ability to process multiple transactions simultaneously. It doubles the performance of Bitcoin in terms of scalability.

Fungibility

Epic Cash is fully fungible, meaning that all coins are interchangeable and have no history. This is because the blockchain does not store transaction information, making it impossible for there to be tainted coins.

Security

Epic Cash is secure due to its decentralized nature and the use of advanced cryptographic techniques. The blockchain is immutable, meaning that once a transaction is confirmed, it cannot be reversed or altered.

Wallets and Accessibility

Epic Cash can be accessed through both desktop and mobile wallets, which can be downloaded from the official website. The wallets are designed to be user-friendly and secure, allowing users to manage their Epic Cash easily.

Regulatory Compliance

Epic Cash is a regulatory-compliant coin, meaning it did not have a pre-mine, receive venture capital, or have an initial coin offering (ICO). It is also not controlled by a company, ensuring its decentralized nature.

Monetary Policy

Epic Cash follows the Bitcoin Standard monetary policy, with a maximum supply of 21 million coins. This supply will be reached around the year 2140, similar to Bitcoin.

Overall, Epic Cash is designed to provide a secure, private, and scalable alternative to traditional cryptocurrencies like Bitcoin. Its unique features and advanced technology make it an attractive option for those seeking a more private and decentralized financial system.

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Epic Cash's strengths

Epic Cash (EPIC) is a cryptocurrency that stands out in the market due to its strong focus on privacy and security. It operates on the Mimblewimble protocol, which ensures that all transactions are completely private and does not store any transaction information on its blockchain. This makes it immune to the decrypting power of upcoming quantum computing, providing a high level of security for users.

Another significant strength of Epic Cash is its limited supply. Only 21 million coins will ever be mined, making it a rare and valuable asset similar to Bitcoin. This scarcity adds value to the coin and helps maintain its worth over time.

Epic Cash also boasts a highly divisible coin, with each coin divisible into 100 million units. This level of divisibility makes it more practical for everyday transactions compared to traditional precious metals like gold and silver.

Additionally, the blockchain of Epic Cash is extremely lightweight, with a size of just 3 GB. This allows it to fit on a cell phone, making it highly accessible and portable.

The mining algorithm of Epic Cash is designed to be accessible to home computers, with a polyphasic proof-of-work system that prevents Application-Specific Integrated Circuits (ASICs) from dominating the mining process. This makes mining more inclusive and decentralized.

Lastly, Epic Cash is regulatory-compliant and did not have a pre-mine, receive venture capital, or have an initial coin offering (ICO). This adds to its credibility and transparency in the market.

Epic Cash's risks

Epic Cash (EPIC), a decentralized, peer-to-peer, privacy-focused cryptocurrency, carries significant financial risks. According to InvestorsObserver, EPIC receives a high-risk rating due to its volatile market performance and the substantial amount of money required to invest in it. This high-risk assessment is crucial for traders who prioritize risk management in their investment decisions.

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Did Epic Cash raise funds?

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Epic Cash’s team

  • Max Freeman: Creator of the Epic Blockchain Protocol and a key figure in the Epic Cash project.
  • Todd Pittner (Uncle Vigilante): Tech contributor and active team member involved in updates and discussions about Epic Cash.
  • Salvador Cruz Garcia: Employee at EPIC Cash, contributing to the project's development and growth.
  • Franklin Fache: Employee at EPIC Cash, working on various aspects of the project.
  • Izzy Crypto: Employee at EPIC Cash, involved in the project's operations and community engagement.
  • Sky King: Collaborator with Todd Pittner, contributing to Epic Cash updates and discussions.
  • Todd Lewis: Lead tech contributor to Epic Cash, focusing on technical aspects and privacy features.

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