$66,966.00
$2,606.73
$1,300.89
$2,389.10
$591.05
$355.36
$294.43
$153.92
$66.14
$154.73
$70.81
$74.47
$50.55
Canada eCoin
(CDN)
Not AvailableMarket Data For Canada eCoin
| Current Price | $0.0000 |
| Market Cap | |
| Market Cap Rank | - |
| Total Volume | - |
| High 24H | - |
| Low 24H | - |
| Price Change 24H | - |
| Price Change Percentage 24H | - |
| Market Cap Change 24H | - |
| Market Cap Change Percentage 24H | - |
| Circulating Supply | - |
| Total Supply | - |
| All Time High | - |
| All Time Low | - |
Coin Data For Canada eCoin
| Website | http://www.canadaecoin.ca/ |
| Explorers | http://explorer.ourcoin.ca/ |
| Wallets | ledger.com , trezor.io |
| Community | https://twitter.com/canadaecoin?lang=en , https://reddit.com/r/OfficialCanadaeCoin , https://bitcointalk.org/index.php?topic=1938324.0 |
| Source Code | https://github.com/Canada-eCoin |
About Canada eCoin
Canada eCoin Review: Mining Guide, Price & Analysis of Canada eCoin Cryptocurrency
Canada eCoin is an open-source cryptocurrency that supports peer to peer payments. Powered by the eCoinCore, this cryptocurrency gives you freedom. It gets rid of the need for central institutions in financial transactions.
This is the core mission of all cryptocurrencies. This coin comes in with no special features. Hence, this coin is going up against the biggest cryptocurrencies in the market. It is impossible to see how this coin can compete with such currencies.
The company seeks to bring into the market a faster and lightweight coin. This opens up cryptocurrencies to many industries. Fast transactions mean that any sector can adopt cryptocurrencies. However, there are cryptocurrencies already supporting speedy transactions. Such coins like Litecoin are doing much better in the markets.
Such competition derails the adoption of Canada eCoin. Low adoption is a huge problem when it comes to cryptocurrencies. It means that not many merchants will not support payments using the coin.
How Canada eCoin Works
Canada eCoin mostly focuses on the Canada population. The developers seek to revolutionize transactions in the region. However, they believe that this coin is usable in any other region. The purpose of this coin is to remove middlemen from transactions.
The solution is blockchain technology. The platform operates a public transparent blockchain. It brings efficiency by supporting 30-second transactions. This opens it up to more use cases. The faster users can transact, the better the adoption of a cryptocurrency.
The network uses Scrypt encryption algorithm. This means that it is a lightweight blockchain compared to others. Moreover, it means that it does not need high computational power to mine this coin. Hence transactions are validated very fast.
This technology is not new. We see it in use in the Litecoin and Pesetacoin blockchains. However, unlike Pesetacoin, Litecoin is very successful in the market. They are the go-to cryptocurrency for fast transactions.
It is hard to see how Canada eCoin will dethrone Litecoin. It is always a top 10 coin in terms of market cap share.
Can Investors Mine Canada eCoin?
Yes, it is possible to mine Canada eCoin. Canada eCoin uses the Proof of Work consensus algorithm. The job of miners is to validate transactions on the blockchain. Once validated and recorded on the distributed ledger, transactions are immutable. Hence, miners play a significant role in maintaining the security of a blockchain.
Additionally, Canada eCoin uses the Scrypt encryption algorithm. This is a lightweight algorithm compared to the SHA-256 algorithm that Bitcoin uses. Hence, Scrypt requires less computational power to mine.
Initially, miners could mine Scrypt cryptocurrencies from a home computer. However, with the introduction of ASIC miners, this is unprofitable. Hence, it is advisable to join a mining pool to enjoy returns.
Further, Canada eCoin supports merged mining. This is the ability to mine two different coins at the same time. It is highly beneficial. In this case, Canada eCoin takes advantage of the hash power of a more established coin. This makes it easier to mine. Moreover, Canada eCoin enjoys elevated security features from this hash power.
The Team behind Canada eCoin
Canada eCoin started in 2014. However, the original development team abandoned the project. Some community members took over and formed a new development team. The official Canada eCoin website does not introduce us to the current team members. As far as we know, a group of cryptocurrency enthusiasts run the project.
The experience of the team is unknown. Experience is essential in a project like this. It helps build trust with community members. Consequently, the cryptocurrency sees better adoption. Moreover, this team shows a lack of professionalism. There is no documentation on the website to help users get oriented to the cryptocurrency.
Fortunately, the team does have various channels to offer customers support. They are present in multiple social media platforms. Users can reach out to the team for any questions they have.
Canada eCoin Performance
Canada eCoin does not have an outstanding performance in the market. The total supply of Canada eCoins is 100,000,000. However, there is no data on the circulation supply. Additionally, there is no data on the market cap for this coin. This is because the coin does not have enough trading volume.
This low trading volume is unappealing. The community will not pick up a failing coin. Moreover, this coin is failing in its intended market, Canada. There is no indication that it will succeed in different market regions.
Privacy and Security
The platform is a blockchain project. This means that it consists of distributed nodes that work together to keep the network secure. They do this by maintaining a consensus throughout the network.
Additionally, the miners play a critical role in maintaining security. They validate transactions in the blockchain. The transactions then become immutable in the distributed ledger. No one can change these transactions.
Also, the coin supports Merged Mining. This means it enjoys elevated security. This is because it takes advantage of the hash power of a more established coin.
Further, Canada eCoin uses encryption and hashing functions to protect sensitive information. This is on top of complex cryptographic algorithms. With all these in place, it becomes very expensive to attack the network. It is much cheaper to use that computational power to mine for rewards.
Privacy standards remain the same as in other blockchain projects. Transactions are completely transparent in the distributed ledger.
Our Take on Canada eCoin
The idea behind Canada eCoin is brilliant. They can start by mastering a small market like Canada before taking the project out to the world. However, the execution is a failure. This cryptocurrency is not in use in its intended market, let alone the world.
There is no record on its market cap share or circulation volume. This is because they are both too low to list anywhere. The team needs to do a better job of convincing the community to adopt the CDN coin. However, this will be an uphill battle. They are up against some of the best cryptocurrencies in the world.
Advantages
- Canada eCoin is fast and secure.
- Canada eCoin is easy to mine.
Disadvantages
- Canada eCoins do not have high adoption.
- Canada eCoin faces competition from well-established coins.
How to Buy Canada eCoin
If you believe that this coin is for you, then you can add it to your portfolio. The best way to obtain a cryptocurrency is by buying. Some of the best exchanges to purchase the coin include Cryptopia, Bitfinex, Bleutrade, Trade Satoshi, Coinsmarket and Nova Exchange.
Once you buy the CDN coins, you will somewhere to store them. You can store your CDN coins on the Canada eCoin proprietary wallet. It is available on Windows, Linux, macOS, Android, iOS and as a Paper Wallet.
Final Verdict
This coin is a failure in the market. They have a great vision behind it but the execution is proving to be a failure. Canada eCoin is barely in use. Not many merchant will accept a coin that is not in use. Moreover, the community will not get behind a coin that is failing in its intended market.
For this project to succeed, it needs better marketing. The developers can start by pushing its adoption in Canada. That will prove to the community that this is something that can go worldwide.
