In the ever-evolving landscape of cryptocurrencies, the emergence of Bitcoin (BTC) over a decade ago has been a catalyst for the creation of various projects. Among these ventures, eCash (XEC) stands out as a promising protocol dedicated to advancing the capabilities of Bitcoin Cash (BCH), commonly known as a "hard fork" of the pioneering cryptocurrency. With a strong commitment to building upon the solid foundation of Bitcoin Cash, eCash seeks to unlock new possibilities and drive the ongoing evolution of digital currencies.
What is eCash
Previously known as Bitcoin Cash ABC (BCHA), eCash is a project that builds on the success of Bitcoin Cash while extending its vision of providing a global, secure, and peer-to-peer (P2P) electronic cash system. Through the integration of more advanced solutions, eCash has achieved enhanced scalability, flexibility, security, and faster transaction speeds.
A key focus of eCash is to address the existing challenges faced by Bitcoin and Bitcoin Cash. By eliminating barriers to entry, the project aims to create a sustainable ecosystem with straightforward and easily understandable concepts, akin to traditional currencies. Moreover, eCash endeavors to revive the core principle of anonymity in cryptocurrencies through the implementation of the zero-knowledge (ZK) subchain, paving the way for enhanced privacy and confidentiality.
The eCash team
eCash was founded by Amaury Sechet, the lead developer of Bitcoin Cash. Initially known as "Bitcoin Cash ABC," eCash successfully forked from Bitcoin Cash in 2020. The project boasts a team of distinguished developers and experts, further solidifying its position in the cryptocurrency domain.
How does eCash work
eCash employs a multi-layer approach that blends a privacy-focused blockchain and Ethereum Virtual Machine (EVM) to enable developers to initiate smart contracts and build decentralized applications (dApp). By doing this, the project aims to attain a higher level of scalability. Additionally, the integration of EVM means that eCash developers can migrate dApps to the Ethereum blockchain without reprogramming their projects.
eCash also simplifies the process of creating and launching dApps. The platform offers a user-friendly dashboard that allows anyone to effortlessly create tokens and customize essential attributes like names, supply, decimals, and icons. This streamlined functionality makes eCash the preferred choice for businesses seeking to innovate and generate new revenue streams, as it enables them to tap into new markets with ease and efficiency.
eCash’s native token: XEC
XEC serves as the native coin of the project. It has a maximum supply of 21 trillion tokens, with a circulating supply currently amounting to 19.4 trillion tokens.
It powers the eCash decentralized autonomous organization (DAO), allowing holders to vote on proposals and suggestions made by community members. In addition, it is a utility token that serves as payment for smart contract execution. It also powers the project’s staking feature, allowing holders to commit a percentage of their tokens to the network to earn a reward.
XEC use cases
XEC has numerous functions within the eCash network. It is used to execute smart contracts, enabling developers to launch dApps. It is also used for governance and staking purposes.
eCash’s plans for the future
eCash is driven by the vision to enhance Bitcoin Cash and establish a truly decentralized platform. With this goal in mind, the team is committed to introducing new features that promise faster transaction times, improved anonymity, enhanced scalability, and higher levels of security.
Furthermore, the project is actively forging partnerships with prominent brands in the industry to deliver on its promise of creating a fully decentralized network. Through continuous innovation and collaboration, eCash seeks to advance blockchain technology's capabilities and deliver a seamless, decentralized experience for its users.
