eCash (XEC) is a digital currency that attempts to function as an electronic currency aimed at facilitating transactions for goods and services
What is eCash (XEC)?
It bills itself as “a cryptocurrency designed to be used as electronic cash.” The project is being developed by Bitcoin ABC, the team that launched Bitcoin Cash in 2017.
While Avalanche delivers on important promises like the consensus layer, it also introduces concepts never before seen in a Bitcoin project, such as staking, fork-free network upgrades, and child chains.
What is the Purpose of eCash (XEC)?
eCash aims to achieve previously unattainable goals by using the technology behind Bitcoin, combining the most advanced Proof of Stake consensus and protocol governance.
It aims to be a transaction tool through which payments can be made for goods and services. Additionally, the project developers aim for the coin to support compatibility with EVM and be interoperable with DeFi.
What are the Highlights of eCash (XEC)?
Avalanche
It is a consensus algorithm that provides instant transactions, security, and fork-free upgrades. It provides robust and decentralized management to the eCash protocol.
staking
Proof of Work mining enables investors to support the project with the incentives it provides. The Avalanche staking system will replace eCash governance and investor incentive.
