eCash Price

eCash is a cryptocurrency designed to function as electronic cash. It was launched in 2020 as a rebranding of Bitcoin Cash ABC. Key features of XEC include: - Fast and low-cost transactions, making it suitable for everyday payments - Total supply of 21 trillion coins - Currently ranked 222 by market cap at $0.00001059 - 24-hour trading volume of $16.74K - Circulating supply of 19.97T XEC - Market cap of $211.56M XEC aims to fulfill the original vision of Bitcoin as peer-to-peer electronic cash. It utilizes innovations like the Avalanche consensus protocol to enable near-instant transaction confirmations. The project is focused on improving scalability, privacy, and smart contract capabilities. Notable upcoming developments include staking rewards and an Ethereum-compatible sidechain to support DApps and smart contracts. The XEC team is working towards making it a global electronic cash system that is fast, secure, and easy to use for everyday transactions.

eCash was created on November 15, 2020. It originated as a fork of Bitcoin Cash (BCH) and was initially known as Bitcoin Cash ABC (BCHA). In July 2021, BCHA was rebranded to eCash and the token symbol was changed from BCHA to XEC. This rebranding also included a token split, where 1 BCHA became 1,000,000 XEC. eCash aims to function as electronic cash, enabling fast and low-cost peer-to-peer transactions without the need for intermediaries like banks. It utilizes the Avalanche consensus mechanism to achieve near-instant transaction confirmations and improved scalability.

The founders of eCash are Amaury Séchet and the Bitcoin ABC development team. Amaury Séchet, also known as 'deadalnix', was the lead developer of Bitcoin Cash before forking to create eCash in November 2020. The eCash project emerged as a continuation of Bitcoin Cash ABC, with Séchet and his team rebranding it to eCash in July 2021. They aimed to create a more scalable and feature-rich cryptocurrency while maintaining the original vision of peer-to-peer electronic cash. The eCash team has introduced innovations like the Avalanche consensus protocol and plans for EVM-compatible smart contracts to enhance the network's capabilities.

eCash works as a peer-to-peer electronic cash system built on the Bitcoin Cash blockchain. It utilizes the Avalanche consensus mechanism to achieve near-instant transaction confirmations and improved scalability. Key features of eCash include: 1. Fast transactions: The Avalanche protocol enables almost immediate confirmations. 2. High scalability: eCash can handle larger blocks and higher transaction volumes. 3. Privacy features: It incorporates privacy-oriented blockchain technology. 4. Smart contract support: eCash combines with an EVM-compatible subchain, allowing developers to easily create and port DApps. 5. Decentralized governance: XEC token holders can stake to participate in network governance. 6. Limited supply: The total supply is capped at 21 trillion XEC, following Bitcoin's halving schedule. 7. Low fees: eCash aims to provide low transaction fees for payments and exchanges. The eCash network continues to evolve, with ongoing development of features like collateral, forkless upgrades, and subchains. Its goal is to become a global electronic cash system that redefines wealth in the digital age.

eCash utilizes a hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus mechanism. Its technical architecture is based on the Bitcoin Cash codebase, but with several key improvements: 1. Avalanche consensus: This allows for near-instant transaction finality and increased scalability. 2. EVM-compatible subchains: Enables smart contract functionality and easy porting of Ethereum dApps. 3. Adaptive block sizes: Nodes can adjust block size limits to handle increased on-chain transactions. 4. Privacy features: Incorporates privacy-enhancing technologies for optional anonymous transactions. 5. Forkless upgrades: Allows for network upgrades without contentious hard forks. 6. Collateralized staking: Improves network security and incentivizes long-term holding. This architecture aims to combine Bitcoin's sound money principles with advanced scalability and smart contract capabilities, positioning eCash as a versatile cryptocurrency for both payments and decentralized applications. The project continues to develop new features to enhance its functionality as global electronic cash.

The future of eCash looks promising, with several key developments on its roadmap: 1. Avalanche integration: eCash is implementing the Avalanche consensus protocol to achieve near-instant transaction confirmations and improved scalability. 2. Privacy enhancements: The team is working on integrating privacy features to make eCash transactions more confidential. 3. Smart contract capabilities: An EVM-compatible subchain is being developed to enable smart contracts and DApps on the eCash network. 4. Staking implementation: eCash plans to introduce staking, allowing XEC holders to earn rewards for securing the network. 5. Ecosystem expansion: Efforts are underway to grow the eCash ecosystem by attracting more developers, projects, and users. 6. Governance improvements: The team aims to enhance decentralized governance mechanisms for community-driven decision-making. 7. Scalability upgrades: Ongoing work to improve on-chain scalability and increase block size limits. By 2027, eCash aims to have fully implemented Avalanche and launched its staking program. The 2031 roadmap includes establishing a robust DApp ecosystem and achieving widespread adoption as a global electronic cash system. Long-term goals extend to 2036, with eCash aspiring to become a leading cryptocurrency for everyday transactions and financial applications.