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If you've invested in Bitcoin over the past few years, you may have heard of eCash, which was originally termed Bitcoin Cash ABC following a hard fork from Bitcoin in November 2020. This cryptocurrency is advertising itself as a type of decentralized and secure network that centers around sound money policy.
The eCash ecosystem provides users with instantaneous transactions that have very low fees. If you're interested in making an investment into eCash, the following guide provides you with everything you need to know about this crypto asset and the benefits it provides.
ECash is a rebranded form of the Bitcoin Cash ABC fork from Bitcoin Cash and Bitcoin. This cryptocurrency is designed as electronic cash and is meant to be used in transactions for purchasing services and goods.
At the beginning of July 2021, the Bitcoin Cash ABC currency was rebranded as eCash (XEC). This platform is based on many technologies that are present in the Bitcoin protocol, the primary of which include Bitcoin's halving schedule as well as its fixed supply. You'll also notice that eCash uses a governance protocol as well as a proof of stake (PoS) consensus mechanism.