Frequently Asked Questions
Are there any transaction fees?
All transactions must pay a small fee. The fee amount fluctuates depending on a dynamic fee market. Transactions with higher fees are prioritized when being selected for blocks. To speed up your transactions, you can choose to pay a higher fee than the default.
Are there any restrictions?
There are no restrictions on who can use ECC; It is free for anyone to use.
Is it safe?
Just like everything else online, cryptocurrencies are not 100% safe. Encrypting your wallet with a strong password, having a good antivirus and being careful with what crypto websites you visit are good steps to take to ensure that you will not lose any coins.
How is ECC different from other coins?
ECC is working on creating a network that differs from others by incorporating different scaling mechanisms as well as different features on the blockchain. Features such as file storage, messaging, and name resolution will add additional utility and provide solutions for more use cases compared to other coins.
What is an AltCoin?
An Altcoin is an Alternative Coin, which is any cryptocurrency other than Bitcoin. This term covers more than 3000 other cryptocurrencies that currently exist in circulation, all trying to expand the original concept of Bitcoin.
What is Market Capitalization?
Market Capitalization is one way to rank the relative size of a cryptocurrency. It's calculated by multiplying the price by the circulating supply.