$XEC is designed to be a fast and scalable electronic cash system. According to available information, eCash combines Bitcoin's UTXO model with the Avalanche consensus protocol, enabling significantly faster transaction finality than Bitcoin. Specifically:
Transaction speed: eCash can achieve transaction finality in less than 3 seconds with the implementation of Avalanche Pre-Consensus, allowing for instant confirmation before transactions are included in a block. This is a significant advancement compared to Bitcoin's average block confirmation of 10 minutes.
Scalability: eCash aims to process over 5 million transactions per second (TPS), placing it among the most scalable blockchains, surpassing many such as Solana (theoretical 65,000 TPS) or Polygon.
Fast confirmations: Since the update in September 2022, eCash implemented Avalanche Post-Consensus, allowing nodes to verify blocks in real-time and reducing confirmation time to a single block, facilitating instant deposits on exchanges.
Comparison with other blockchains
Although Tectum leads with 3.5 million TPS in tests, eCash stands out for its combination of speed, security, and decentralization. Unlike Solana, which has faced stability issues, eCash utilizes a hybrid approach (Proof-of-Work + Avalanche PoS) to maintain Bitcoin's security while enhancing speed. Its goal of 5 million TPS puts it in direct competition with the fastest blockchains, although these figures are theoretical and depend on adoption and network conditions.
Conclusion
eCash (XEC) is not only one of the fastest blockchains, with transaction finality in under 3 seconds and a goal of 5 million TPS, but it also offers advantages such as low cost, compatibility with the Ethereum Virtual Machine (EVM), and decentralized governance. This makes it ideal for everyday payments and DeFi applications. While Tectum currently holds the record in TPS, eCash is a strong option for fast and scalable transactions in a decentralized ecosystem.
