eCash XEC Price

What is eCash (XEC)?

eCash (XEC), originally known as Bitcoin Cash ABC (BCHA), is a distinctive cryptocurrency that emerged from the Bitcoin Cash blockchain. Launched on July 1, 2021, eCash marks a significant shift from its precursor, aiming to redefine itself as a more user-friendly and versatile digital currency. The rebranding from BCHA to eCash primarily involved a semantic change, but it also introduced fundamental technical innovations. Notably, eCash distinguishes itself by integrating a Proof-of-Stake (PoS) consensus layer called "Avalanche," setting it apart from the traditional Proof-of-Work (PoW) model used by its predecessors.

One of the key aspirations of eCash is to offer financial freedom, making it accessible and usable by everyone worldwide. The eCash network, which undergoes biannual upgrades, is designed to enhance transaction throughput, improve payment experiences, and facilitate fork-free future upgrades. Its unique features include a privacy-focused blockchain complemented by an Ethereum Virtual Machine (EVM) Subchain, which allows for easy creation of Dapps and smart contracts. This multi-layered approach not only fosters innovation but also encourages Ethereum developers to seamlessly transition or expand their projects on the eCash network.

The eCash ecosystem is spearheaded by Amaury Sechet, a pivotal figure in the evolution of Bitcoin Cash and its subsequent forks. The platform aims to achieve scalability, supporting up to 5 million transactions per second, while ensuring transaction finality within seconds. With a commitment to maintaining near-zero transaction costs, eCash is designed to facilitate anonymous, immutable, and secure global transactions, paving the way for its integration into the everyday financial transactions of billions of users. This ambitious roadmap, coupled with a focus on user-friendliness and technical sophistication, positions eCash as a noteworthy contender in the evolving landscape of digital currencies.

What is unique about eCash (XEC)?

eCash (XEC) stands out with its Proof-of-Stake "Avalanche" consensus,high scalability, and a privacy-focused blockchain with an Ethereum Virtual Machine (EVM) Subchain for Dapps and smart contracts​​.

Who are the founders of eCash (XEC)?

eCash (XEC) was led by Amaury Sechet, a key developer behind Bitcoin Cash (BCH), who played a significant role in its evolution and subsequent forks​​.

Who are the backers/investors of eCash (XEC)?

eCash has garnered support from Bitcoin Cash ABC (BCHA) Community, Amaury Sechet, XEC Foundation, and others.

What is the consensus mechanism of eCash (XEC)?

eCash (XEC) uses a unique Proof-of-Stake system called "Avalanche," enabling user participation in validation without expensive mining rigs and is designed for near-instant transaction finality​​.

Where can I buy eCash (XEC)?

You can buy eCash (XEC) on Binance, MEXC, Bybit, Gate.ioHTX cryptocurrency exchanges.