XEC/USD: Convert eCash (XEC) to United States Dollar (USD)

eCash (XEC) is a digital currency that aims to function as electronic cash. It is a rebranded version of Bitcoin Cash ABC (BCHA), which is a fork of Bitcoin (BTC) and Bitcoin Cash (BCH). eCash was rebranded on July 1, 2021, with the intention of distinguishing itself from its predecessor. The base units of eCash are called "bits", replacing the decimal places of Bitcoin Cash ABC. This makes transactions more straightforward, for example, instead of sending 0.00001000 BTC, you would send 10 bits with eCash. eCash integrates a proof-of-stake (PoS) consensus layer called "Avalanche", which is separate from the Avalanche (AVAX) blockchain.

eCash operates on its own blockchain, similar to Bitcoin (BTC). It uses a proof-of-stake (PoS) consensus mechanism to speed up transactions. This mechanism, termed "Avalanche post-consensus", aims to enhance security and allow for advanced opcodes due to enhanced script capability. The Avalanche layer is added on top of the existing proof-of-work (PoW) to leverage the benefits of both. eCash also aims to support Ethereum Virtual Machine (EVM)-compatibility and interoperability with the decentralized finance (DeFi) sector on Ethereum (ETH).

eCash aims to be a means of transaction used to pay for goods and services. It seeks to ensure anonymous transactions, guarantee almost free transactions, and enforce globally secure transactions with a finality of fewer than three seconds. eCash also aims to design the coin's infrastructure as a public good, funded via its social contract. The developers of eCash have laid out an ambitious roadmap, with plans to enable scalable block processing, batched signature validation, faster block propagation, and more. These solutions aim to propel eCash to support up to 10 billion users.

eCash is led by its lead developer Amaury Sechet, who was the lead developer of Bitcoin Cash (BCH) and forked that blockchain to establish the predecessor of eCash, Bitcoin Cash ABC (BCHA). The fork happened on November 15, 2020. Sechet then decided to rebrand Bitcoin Cash ABC to establish a new brand identity for eCash. Before his involvement in cryptocurrencies, he was a software engineer at Facebook and a lead developer at Stupid D Compiler. eCash shares Bitcoin’s supply and distribution model, meaning that every 210,000 blocks, approximately every four years, miner rewards are cut in half. eCash has the same supply cap as Bitcoin of 2.1 quadrillion satoshis.