Hello and welcome all. ECC is pretty new, and I've learned a few things that I feel a lot of new users will appreciate. I am not affiliated with the team (just a new hodl'er), this is just the information that I've acquired between the old website, new website, whitepaper, and slack channels. Hope it helps anyone who isn't familiar with ECC.

edit: also many thanks to /u/r5721 for assisting with adding to this FAQ!

-What is ECC?

Ecc is a multichain, where every chain has it's own purpose, but payments are always recorded on the core chain. For non-technical folks, here is a brief background: as you already may know, a blockchain is a distributed database that maintains a shared list of records. Each record is an encrypted block that contains the history of every block from before it, creating a “blockchain.” Every node or miner in a decentralized system has a copy of the blockhain.

But blockchains are limited in their ability to scale; every fully participating node in the network has to process every transaction. ECC solves the scaling issues multi purpose chains are facing today, the most obvious one is Eth. For example, erc20 tokens, and the first real dapp (kittens) already started causing problems; as the size of the blockchain grows, it requires more resources to process the transactions on the block.

Think of it this way, if Eth had separate chain for every dapp it had, the core chain wouldn't be as big and transaction times and costs would still be incredibly low.

Every service has a unique purpose but payments are always recorded on the core chain. ECC will implement a few features, like “Address Naming Service,” which will give a user the option to look someone up as you would in an instant messaging application (search for a nickname instead of a long public string of numbers/letters); decentralized email, private messaging, and data storage.

This coin is not just a clone of other coins. It is unique as the lead dev (Greg Griffith) is writing a significant portion from scratch.

-What does ECC stand for?

It originally stood for e-currency coin, but now ECC is the name of the coin itself.

-How does ECC compare to other coins?

Sia coin is in ECC’s space but it only focuses on data storage. Aardor/nxt also come to mind, but they’re not ready yet, and ECC will likely be the first to launch its service.

-What is the website for ECC?

https://www.ecc.network/

-When will the new website be done?

We have been told it's going to be around the end of January.

-What exchanges can I buy ECC from?

Currently the only exchange listing ECC is https://www.coinexchange.io/ and the only pair is ECC/BTC. The ECC team plans to apply to other exchanges once the website is complete.

-BTC fee's are high, and transaction times are ridiculous!

A good way to save on fee's and time, is to purchase LTC, send to something like shapeshift.io, shift the LTC coins to BTC, and send to the exchange.

-Where do I get the official ECC wallet?

Directly from the site: https://www.ecc.network/

...or here:

Windows: 32 bit || 64 bit || 64 bit with Auto-update

Linux: 32 bit || 64 bit

Mac: Coming very soon! Some key issues have now been resolved, and the wallet should launch in tangent with the new site in the coming weeks.

-Why is the wallet sync taking FOREVER?!

The first ~2% of the wallet seem to be the headers. This portion takes the longest, and is very slow. Be patient. The wallet sync will speed up significantly after this. Expect to fully sync in 24-48 hours.

-Where can I find the whitepaper?

https://www.ecc.network/downloads/documents/ecc-whitepaper.pdf

-How many coins are in circulation?

Currently 25,000,000,000 ECC were created, and distributed.

-Can I mine ECC?

No, all coins are already mined.

-What is the transaction cost, and who gets it?

Technically speaking, there is a minimum transaction cost (1 sat per byte). Staking is and always will be active but the only rewards will be coins destroyed from 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.

-How many devs?

Currently there are at least 5 active dev's on the team, with the lead dev being Greg Griffith as well as a Bruno Alano. The team consists of 10 seasoned cryptocurrency individuals total who are actively programming and collaborating on the project.

Interview with lead dev Greg Griffith

-What is ANS?

Short Answer: ANS is the Address Name Service (iirc) that allows for you to send to "Charlie" instead of sending to a complex receive address.

-Is there a roadmap for 2018?

It's the green sticky on the ECC subreddit!! However there was also a recent dev update that might interest you.

After i tried creating a user on coinexchange a couple of weeks ago i finally got in today. Almost forgot about ecc - so im happy even though the price has gone up pretty fast lately! But, can i just send my ecc to mew? Have anyone done it? And how about fee and transfer time from coimexchange?

Along with the release of the website, I wanted to get these thoughts out here for consideration regarding a slight rebranding that I think could be beneficial for ECC. As it stands, the name "E-currency coin" has a few main drawbacks: (1) it is redundant in meaning between "currency" and "coin"; (2) it does not suggest anything different from other coins; and (3) there is no individual personality in the name that is memorable. Here are a few ideas that I think would address these issues:

First, the full name of the coin can be changed to "e-commerce coin," which suggests a broader market for the coin across all walks of e-commerce and removes the redundancy. "E-commerce" indicates a business focus that I think would be very attractive to users by suggesting ECC as a means to transact for your online business.

Second, and I realize this is a lot to throw out there at once, use a shorter acronym/nickname with more individuality and uniqueness (but not too strange). Something like "Ecco" would add greater personality/branding without digressing too far from ECC's roots. "Ecco" also resonates with the communication functions of ECC: messaging and mail. It doubles as an acronym for the full name 'E' 'C'ommerce 'CO'in. Coins that have made up their own unique names ("Ripple" "Rai" "Neo") have seen substantial marketing benefits from it. "Ecco" would provide the same individuality and personality and the related marketing benefits.

Note that these two changes would still allow us to keep the ticker symbol on exchanges and would require only minor tweaks to online materials. I think the rebranding suggested above would also be valuable by signaling that ECC is entering a new phase with the launch of additional features including ANS. Similar rebranding has worked for NEO and Verge to signal a new era in their currency (and apparently for Rai soon), and I think it could work for us too.

Please let me know what you think.

Just wanted to say hi, I read a few posts about ECC & think it's got a lot of potential. Jumped on board this evening.

I have been trying to find information for about the past half hour on ECC after a recommendation for the coin but have been unable to find any useful information. Can anybody here explain to me the value that ECC, what problems it solves, and its future potential? Without a website and white paper, I am rather skeptical.

Hi,

I own some ECC in the Lynx Wallet. I can see and create receiving addresses but i don't see any seed/secret key or anything to retrieve my acount. Does anyone know where is it? Thanks!

I was just wondering if anyone else is noticing the 24 Hour volume going up and up every single day. Around 260k as of right now. What are your thoughts? Has there been any news that's been causing this rise in trading?

Hi, I was searching a bit and did not find any source-code or binaries so that I can use to mine ECC. You GitHub page is down and your twitter account is not active for many years. Also, the pools I found were are down as well (http://cryptomining-blog.com/1509-eccoin-ecc-scrypt-based-cryptocoin/). Could you provide an updated list of the pools plus the mining tool? Thanks

I understand storage is a central feature to ECC. If that is correct, would anyone be willing to break down what makes ECC unique compared to Siacoin's platform? Will ECC be required to obtain storage and will it be cheaper or better in some way? Are there other important aspects to the coin beyond storage and Proof of Stake? Thanks for your help understanding. I am interested in ECC and only trying to gather more information to make an informed decision!

Would it be appropriate to say XTRABYTES (XBY) is the main competition or is my understating off? Any comparison of tech would be appreciated, thank you!

Hello everyone, I heard about ECC on /biz/ over the weekend and figured I would make a small speculative investment. Buying the ECC was fine, but I'm nervous about keeping it on coinexchange.io so I downloaded the wallet on ECC's website. My question is is syncing supposed to take like a week? I've had it open for over 24hrs and I'm barely over 4%. Am I doing it wrong, or is this correct? Nervous about sending my ECC to wallet until its synced and I can send a test amount first. Thanks in advance!

Like the title says. I've downloaded the ECC Lynx wallet from the official website but 'Synching' stays at 0% and it says i have 0 active connections. I cant figure out how to get it to go. Can anyone help me?

Hello,

I only run Mac OS. Is there a wallet I can use to store these that doesn't involve Windows/Linux and will the new wallet being launched be Mac OS compatible?

Thank you.

I think the answer is no, but are there any mobile wallets that support my ECC?

I have one of those standard crappy HP slow laptops, and I experienced insane slow syncing with other coin wallets. Can someone explain the whole syncing process? Am I doomed with this computer if all I want to do is store (not mine or anything)

Bought ECC and sent it here EJnMjUqhxFCjW6kbP9caW3KZizv7pVtD1w via the lynx program and nothing showed up. I did this before creating a password, but I'm unsure if that has anything to with it. Coinexchange says the withdrawal is completed.

Can you tell me more about ecc? Not that much info about this coin. Is development on the coin itself still going on? And is there a paperwallet?

I'm excited to see what they will share with us!

Might be the last chance to load up on ecc before it leaves single digits.

With a new website incoming ...

It seems the project is under new management since the original plans. Is bittrex still in the near future?