eCash (XEC) is a cryptocurrency that aims to function as electronic money, facilitating fast and economical transactions. It is a rebranded version of Bitcoin Cash ABC (BCHA), which in turn is a fork of Bitcoin (BTC) and Bitcoin Cash (BCH). eCash focuses on scalability, privacy, and usability, integrating technologies like Avalanche to enhance security and instant transaction confirmation.
Main features of eCash:
Electronic money:
eCash is designed to be used as digital cash for peer-to-peer transactions, both online and offline.
Scalability:
It seeks to overcome the limitations of other cryptocurrencies in terms of transaction speed, aiming to process millions of transactions per second.
Privacy:
It incorporates features to enhance user privacy during transactions.
Low costs:
It advocates for economical transactions to promote widespread adoption.
Avalanche:
It uses a consensus mechanism called Avalanche, which should not be confused with the Avalanche blockchain (AVAX), to improve the security and speed of transactions.
Bits:
The base units of eCash are called "bits", facilitating divisibility and the sending of small amounts.
Relation to Bitcoin and Bitcoin Cash:
eCash is derived from Bitcoin, through Bitcoin Cash and Bitcoin Cash ABC (BCHA). Essentially, eCash is an evolution of Bitcoin Cash ABC, focusing on improving functionality and usability as digital cash.
In summary, eCash (XEC) is a cryptocurrency that aims to be an efficient, fast, and secure electronic money system, emphasizing scalability, privacy, and ease of use for daily transactions.
