ECash Xec Price USD

ECash (XEC) is the renamed form of Bitcoin Cash ABC (BCHA), which is a fork of Bitcoin (BTC) and Bitcoin Cash (BCH). It describes itself as a "cryptocurrency that's meant to be used like electronic cash." ECash's sole purpose is to provide a medium of exchange for making payments for products and services. On July 1, 2021, the coin was renamed and has since attempted to separate itself from its predecessor. The fundamental units of eCash are termed "bits," and they replace Bitcoin Cash ABC's cumbersome decimal places. With eCash, you would transfer 10 bits rather than 0.00001000 BTC. ECash incorporates a proof-of-stake (PoS) consensus layer named "Avalanche," which should not be confused with the blockchain Avalanche (AVAX).

The cryptocurrency's developers are concentrating on three main improvements:

• Increasing transaction throughput from 100 to over 5 million transactions per second

• Improving the payment experience by decreasing transaction completion time

• Extending the protocol and creating fork-free upgrades

ECash (XEC) is led by Amaury Sechet, who was the principal developer of Bitcoin Cash (BCH) and forked that blockchain to create eCash's predecessor, Bitcoin Cash ABC (BCHA). On November 15, 2020, that fork occurred. Sechet then made the decision to create a new brand identity for eCash by rebranding Bitcoin Cash ABC.

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