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eCash
$0.0₄2014
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| BPXEC | BEP20 | BNB | 0x0ef2e7602add1733bfdb17ac3094d0421b502ca3 | 2021-09-06 |
About eCash
eCash (XEC) aims to deliver scaling solutions and introduce features like staking and subchains while maintaining the core technology of Bitcoin. XEC tokens are used for minting custom tokens, paying transaction fees, and participating in governance. eCash has protocol upgrades twice a year, and it was rebranded from Bitcoin Cash ABC to eCash in July 2021.
eCash (XEC) is a cryptocurrency built by the experienced team of developers who founded Bitcoin Cash. It is a fork of Bitcoin, but with a more aggressive technical roadmap. eCash aims to deliver on key blockchain scaling promises, introduce features never seen before in a Bitcoin project, such as staking, fork-free network upgrades, and subchains, while also maintaining the core technology behind Bitcoin's success, including the same fixed supply, halving schedule, and genesis block.
eCash (XEC) was created by an experienced team of developers, led by Amaury Sechet, who initially founded Bitcoin Cash. On July 1, 2021, Bitcoin Cash ABC (BCHA) was rebranded to eCash (XEC). This rebranding was not a token swap, and there were no changes to the blockchain. Rather, it simply changed how things are displayed to users in wallets and exchanges. For example, the primary unit is now bits (2 decimal places) instead of BCHA (8 decimal places), and the conversion is 1 BCHA = 1,000,000 XEC.
The native token of the eCash network, XEC, has several use cases. It can be used for token minting, allowing XEC holders to mint tokens with a custom name, supply, decimal places, and icon via the eCash platform. Users need to pay for network transaction fees in XEC tokens. The eToken protocol also supports NFTs. Additionally, XEC token holders can participate in Avalanche Staking, which is part of eCash governance. The eCash network also has protocol upgrades twice a year on November 15th and May 15th, which are required for all node operators.