eCash XECPrice $ 0.000019

eCash is a digital currency that was developed after a hard fork of the Bitcoin Cash blockchain. eCash was initially referred to as Bitcoin Cash ABC with the ticker symbol BCHA, however, a dispute between members of the developers led to the creation of the eCash token. 

eCash aims to provide financial freedom to its users, indeed the project’s overall goal is for the eCash currency to become usable by everyone in the world. 

What are eCash’s key features and how does it work?

Since Bitcoin Cash is a hard fork of Bitcoin, eCash token formerly known as Bitcoin Cash ABS, shares several similarities with Bitcoin. For example, having a total supply of 21 million tokens and a Proof-of-Work consensus model.

The eCash network currently upgrades every year on May 15th and Nov 15th. These upgrades are required for all node operators. To facilitate business planning, the upgrades are based on a timestamp and not a specific block size. 

There are three main categories of improvements implemented during network upgrades. These are scaling transaction throughput, improving payment experience, extending the protocol, and establishing fork-free future upgrades.

The eCash network’s multi-layered approach combines a privacy-focused blockchain with an EVM Subchain that enables developers to easily create Dapps and smart contracts. Notably, the EVM designation means that Ethereum developers can transfer or expand their current Dapps to the eCash network without having to reprogram or substantially change their projects.

What makes eCash noteworthy?

At the core of the eCash network is the consensus algorithm Avalanche. This unique Proof-of-Stake system enables regular users to participate in the validation process without the need to purchase expensive mining rigs. The network plans to implement an Adaptive Block Size that can grow up to 1TB in size. Users gain rewards and well as help to protect the network by staking.

Additionally, Avalanche integrates a Merklix-Metadata Tree, Canonical Transaction Ordering, and Pre-consensus. This consensus mechanism provides the network with near real-time processing and transaction finality.

eCash’s native wallet uses Sighash to improve security. Users can monitor their holdings, buy, sell, and trade their cryptocurrency using this system.

What can eCash be used for?

Since eCash is a cryptocurrency designed to be used as electronic cash. By using the eCash platform users can send money directly to other people online, this includes being able to use eCash to pay for goods and services online. 

Additionally, the eCash protocol allows anyone to create customized tokens since the system removes any technical requirements that are usually required. Any user can create an individual token name, supply, decimal places, and icon using the platform’s dashboard. This ability adds a lot of functionality to the network because it enables businesses to create new revenue generation strategies and entirely new markets.

Where can you buy eCash?

XEC can be bought from any of the CEXs and DEXs as listed here. The price of XEC will vary depending on the exchange and market conditions. 

XEC price data can be viewed in the charts above.