$XEC

XEC Token refers to eCash (XEC), a cryptocurrency that evolved from the Bitcoin Cash ABC (BCHABC) blockchain. It is designed to be a digital currency for payments, aiming to provide a fast, secure, and low-cost payment solution for everyday transactions.

Key Features of eCash (XEC):

1. Origin and Rebranding:

eCash was launched in July 2021, rebranding from Bitcoin Cash ABC (BCHABC).

The rebranding included a redenomination, where the token's base unit shifted from 1 to 1,000,000, making it more user-friendly for microtransactions.

2. Core Goals:

Serve as a global payment network.

Prioritize user experience with low fees and quick transaction times.

Focus on being lightweight and scalable for widespread adoption.

3. Technical Innovations:

Avalanche Consensus: eCash uses this technology for faster transaction finality and increased security.

Subchains: Supports decentralized applications and token issuance without overloading the main network.

Scalability: Designed to handle high transaction throughput for mass adoption.

4. Use Cases:

Facilitating peer-to-peer payments.

Micropayments for goods and services.

Supporting DeFi applications and creating custom tokens.

5. Tokenomics:

eCash has a maximum supply of 21 trillion XEC, aligning with Bitcoin's principle of scarcity but with higher divisibility for usability.

How XEC Differs:

Unlike Bitcoin, eCash focuses on practicality for everyday use, emphasizing low fees and user convenience.

Its Avalanche Consensus Protocol provides a competitive edge in terms of speed and reliability.

Current Status:

eCash is primarily targeted at users and developers looking for a cryptocurrency that combines the decentralization of Bitcoin with the speed and functionality needed for modern digital economies. It is traded on various exchanges and has an active community driving its adoption.