eCash (XEC) is a rebranded version of Bitcoin Cash ABC (BCHA), itself a fork of Bitcoin (BTC) and Bitcoin Cash (BCH). Designed as "electronic cash," eCash focuses solely on being a transactional medium for goods and services. Renamed on July 1, 2021, eCash distinguishes itself from its predecessors through simplified units called bits, replacing cumbersome decimal places. For example, instead of sending 0.000001000 BTC, you’d send 10 bits with eCash.
Key Innovations in eCash
eCash integrates Avalanche, a Proof-of-Stake (PoS) consensus layer (unrelated to Avalanche blockchain/AVAX). Post-rebranding, all BCHA coins were converted to XEC at a 1:1 million ratio. Developers prioritize three core upgrades:
- Scalability: Boosting transaction throughput from 100 to over 5 million transactions per second.
- Faster Payments: Reducing transaction finality time.
- Seamless Upgrades: Enabling protocol extensions without forks.
Founders and Development Team
Amaury Séchet, lead developer of Bitcoin Cash (BCH), spearheads eCash. Séchet forked BCH in November 2020 to create Bitcoin Cash ABC (BCHA), later rebranded as eCash. His rationale for renaming:
"No other currency uses eight decimal places. Simplifying units aids adoption and market appreciation."
Before crypto, Séchet worked at Facebook and led development at Stupid D Compiler.
What Makes eCash Unique?
eCash aims for Ethereum Virtual Machine (EVM) compatibility and DeFi interoperability. Its five core missions:
- Privacy: Anonymous transactions.
- Immutability: Tamper-proof records.
- Low Fees: Near-zero transaction costs.
- Speed: Global transactions finalized in <3 seconds.
- Public Infrastructure: Funded via social contract.
Roadmap Highlights:
- Schnorr signatures with batch validation.
- Adaptive block sizes (up to 1 TB).
- UTXO commitments for faster sync.
- Scalable Merklix-Meta Trees.
Target: 50 daily transactions/user for 10 billion users.
Tokenomics and Supply
eCash mirrors Bitcoin’s supply model:
- Fixed cap: 21 trillion XEC (equivalent to Bitcoin’s 21 million BTC but divided by 100 for user-friendly integers).
- Halving: Miner rewards reduce every 210,000 blocks (~4 years).
Network Security
Unlike Bitcoin Cash ABC’s Proof-of-Work (PoW), eCash transitions to Proof-of-Stake (PoS) via Avalanche consensus for:
- Speed: Faster transactions.
- Security: Fork-resistant upgrades.
- Advanced Scripting: Enabling smart contract-like features.
Note: XEC is a native blockchain token, not an ERC-20.
FAQs
1. How does eCash differ from Bitcoin?
eCash simplifies decimals (bits vs. BTC) and prioritizes PoS scalability, whereas Bitcoin relies on PoW.
2. Where can I buy XEC?
👉 Buy XEC on trusted exchanges
3. Is eCash anonymous?
Yes, it emphasizes privacy through encrypted transactions.
4. What’s the max supply of XEC?
21 trillion tokens, with periodic halvings like Bitcoin.
5. Can eCash handle smart contracts?
Future EVM compatibility aims to enable DeFi functionalities.
👉 Explore eCash’s latest developments
Final Note: eCash merges Bitcoin’s reliability with next-gen scalability, targeting mass adoption as electronic cash.