eCash is a digital currency that came into existence following a hard fork of the Bitcoin Cash blockchain. Initially it was known as Bitcoin Cash ABC under the ticker symbol BCHA, but a disagreement among developers resulted in the launch of the eCash token. 

eCash is designed to give users more financial autonomy-its broader objective is to make the eCash currency usable by people everywhere in the world. 

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

Because Bitcoin Cash itself is a hard fork of Bitcoin, the eCash token (formerly referred to as Bitcoin Cash ABS) shares multiple traits with Bitcoin. For instance, it has a total supply of 21 million tokens and uses a Proof-of-Work consensus approach.

The eCash network performs upgrades once a year on May 15th and Nov 15th. These updates must be applied by all node operators. For better business planning, the upgrade timing is based on a timestamp rather than on a particular block size. 

Network upgrades introduce three main improvement areas: increasing transaction throughput for scaling, enhancing the payment experience, broadening the protocol, and enabling future upgrades without forks.

The eCash network uses a multi-layer design that combines a privacy-oriented blockchain with an EVM Subchain to help developers build Dapps and smart contracts. The EVM compatibility is important here: Ethereum developers can move or grow their existing Dapps on eCash without needing to rewrite or significantly alter their projects.

What makes eCash noteworthy?

The eCash network relies on Avalanche as its core consensus algorithm. This distinctive Proof-of-Stake setup allows everyday users to join in validation without buying costly mining hardware. The roadmap also includes an Adaptive Block Size that may reach up to 1TB. By staking, participants earn rewards and help secure the network.

On top of that, Avalanche uses components such as a Merklix-Metadata Tree, Canonical Transaction Ordering, and Pre-consensus. Together, this consensus design supports near real-time processing along with transaction finality.

eCash’s built-in wallet uses Sighash to strengthen security. Through this approach, users can track balances, buy, sell, and trade their cryptocurrency.

What can eCash be used for?

Since eCash is intended to function as electronic cash, it supports sending money directly to others online-making it possible to use eCash to pay for goods and services on the internet. 

Furthermore, the eCash protocol lets anyone issue personalized tokens because it eliminates the technical hurdles commonly required. Using the platform’s dashboard, users can choose an individual token name, supply, decimal places, and an icon. This capability expands the network’s usefulness by enabling businesses to explore new revenue models and create entirely new markets.

Where can you buy eCash?

XEC is available on the CEXs and DEXs listed here. The XEC price may differ across exchanges based on market conditions. 

XEC price data can be found in the charts above.