abc: News of eCash (XEC) - July 2024 Price Update - 7.23% Breakout Crypto News and Analysis

Explore the Core.

eCash (XEC) is the rebranded version of Bitcoin Cash ABC (BCHA), itself a fork of Bitcoin (BTC) and Bitcoin Cash (BCH). It calls itself a "cryptocurrency that's designed to be used as electronic cash." eCash strictly aims to be a means of transaction used to pay for goods and services. The coin was rebranded on July 1, 2021, and has since tried to distinguish itself from its predecessor. The base units of eCash are called "bits" and replace the unwieldy decimal places of Bitcoin Cash ABC.

Explore the Core.

eCash (XEC) is the rebranded version of Bitcoin Cash ABC (BCHA), itself a fork of Bitcoin (BTC) and Bitcoin Cash (BCH). It calls itself a “cryptocurrency that’s designed to be used as electronic cash.” eCash strictly aims to be a means of transaction used to pay for goods and services. The coin was rebranded on July 1, 2021, and has since tried to distinguish itself from its predecessor. The base units of eCash are called “bits” and replace the unwieldy decimal places of Bitcoin Cash ABC. 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 not to be mistaken for the blockchain Avalanche (AVAX). Upon rebranding, eCash announced that it would convert all BCHA coins to XEC at a ratio of one to one million.

Trade hard. Joy is coming

Explore the Core.

eCash (XEC) is the rebranded version of Bitcoin Cash ABC (BCHA), itself a fork of Bitcoin (BTC) and Bitcoin Cash (BCH). It calls itself a “cryptocurrency that’s designed to be used as electronic cash.” eCash strictly aims to be a means of transaction used to pay for goods and services. The coin was rebranded on July 1, 2021, and has since tried to distinguish itself from its predecessor. The base units of eCash are called “bits” and replace the unwieldy decimal places of Bitcoin Cash ABC. 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 not to be mistaken for the blockchain Avalanche (AVAX). Upon rebranding, eCash announced that it would convert all BCHA coins to XEC at a ratio of one to one million.

Spot the Main Event:

The project was created by @Bitcoin_ABC as a fork of Bitcoin Cash following a dispute within the BCH community regarding a proposal for a new self-funding mechanism. The proposal called for 8% of the block reward to fund developers, but the vast majority of the BCH community rejected the idea, resulting in ABC forking their own client to create a new Bitcoin fork on November 15, 2020. addition to the new eCash name and $XEC ticker, they also changed the base unit from 100M satoshis to 100 satoshis while maintaining the same total supply. BTC total supply = 21,000,000.00000000 BTC XEC total supply = 21,000,000,000,000.00 XEC With funding secured directly from the block reward, the developers now had ample runway to keep working on their roadmap, which included the integration of the revolutionary Avalanche consensus algorithm with Bitcoin’s Nakamoto consensus

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