ECASH

Bitcoin’s Proof-of-Work (PoW) security faces long-term risks as block rewards fade, while pure Proof-of-Stake (PoS) systems risk centralization. eCash (XEC), a Bitcoin Cash fork, uses a hybrid PoW-PoS model with Avalanche, integrated in September 2022, offering gold-like security. Followings highlight eCash’s simplicity, robustness, and value as a store of value and medium of exchange.
BITCOIN’S POW: A TICKING CLOCK
Bitcoin’s miners earn ~471.6 BTC daily ($48.57M at $103,000/BTC), just 0.0024% of its $2.03T market cap. By 2140, with no new issuance, security will rely on fees. If fees don’t scale, declining hash rate could weaken Bitcoin, despite its current domination.
GOLD’S SECURITY MODEL
Gold’s value is secured by holders protecting their assets in safes or vaults. As value rises, security scales and distributes across holders, making control by one entity nearly impossible. eCash’s hybrid model mirrors this, blending PoW’s Sybil resistance with PoS’s stake-based protection.
ECASH’S HYBRID POW-POS WITH AVALANCHE
eCash uses PoW for block production and Avalanche’s PoS for pre-consensus and finality. Stakers (minimum 100M XEC) vote instantly via randomized, off-chain polling, weighted by stake, to finalize blocks in seconds. Stake proofs and finalized blocks are on-chain, ensuring transparency. Since 2022, 79 nodes and 210.3B XEC staked support the network.
SIMPLICITY AND ROBUSTNESS
Unlike complex pure PoS (e.g., Ethereum’s validator management), eCash’s PoW is straightforward, and Avalanche’s PoS is lightweight, focusing on finality. If Avalanche fails, PoW ensures continuity, enhancing robustness. Attackers need both 51% of staked XEC and 51% hash rate, a steep barrier.
MITIGATING POS RISKS
Pure PoS risks 51% stake censorship. eCash’s dual attack requirement and PoW fallback prevent this, with on-chain outcomes exposing censorship attempts.
GOLD-LIKE SECURITY
eCash scales security with value, as stakers lock more XEC, and PoW deters Sybil attacks. Staking is efficient, unlike gold’s costly storage, yet equally decentralized.
STORE OF VALUE AND MEDIUM OF EXCHANGE
eCash’s increasing security and sustainability make it a strong store of value. Avalanche’s sub-second finality and low fees enable instant payments, ideal for transactions.
CONCLUSION
$XEC eCash's hybrid PoW-PoS, with Avalanche’s instant voting, offers simpler, robust security than pure PoS and a sustainable alternative to Bitcoin. Like gold, it’s a durable store of value and efficient medium of exchange.