Understanding the ECash (XEC) Cryptocurrency
ECash (XEC) is the evolution of Bitcoin Cash ABC (BCHA), itself a split from both Bitcoin (BTC) and Bitcoin Cash (BCH). This digital currency aims to serve as a true “cryptocurrency” designed for seamless electronic transactions. As of July 1, 2021, ECash underwent rebranding to establish a distinct identity from its predecessor. The fundamental units of ECash are known as “bits,” simplifying transactions by removing the complex decimal structure of Bitcoin Cash ABC. For instance, with ECash, you would transfer 10 bits instead of 0.00001000 BTC.
Key Features of ECash
One of the standout features of ECash is its proof-of-stake (PoS) consensus mechanism called “Avalanche.” This should not be mistaken for the Avalanche (AVAX) blockchain. The developers of ECash are focusing on three major enhancements to optimize its functionality and user experience.
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The Visionary Behind ECash
The driving force behind ECash is Amaury Sechet, who was the lead developer for Bitcoin Cash (BCH) and initiated the fork that resulted in Bitcoin Cash ABC (BCHA). This fork took place on November 15, 2020, and Sechet later decided to rebrand Bitcoin Cash ABC, giving birth to ECash. This move aimed to create a refreshed brand identity for ECash in the ever-evolving cryptocurrency landscape.
For those interested in ECash price predictions, consider downloading the leading cryptocurrency app CoinGabbar today to stay updated with the latest market trends and insights.
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