A bit of history!
**eCash (XEC)** is a cryptocurrency that emerged from the rebrand of Bitcoin Cash ABC in 2021, positioning itself as a solution for fast, secure and efficient electronic payments. eCash aims to simplify digital transactions while maintaining privacy and decentralization.
The history of eCash dates back to Bitcoin Cash ABC, which was created as a fork of Bitcoin Cash in 2017. In 2021, to reflect a new vision and technological improvements, Bitcoin Cash ABC rebranded itself as eCash. This rebrand brought the integration of the Avalanche protocol, which uses a Proof-of-Stake (PoS) consensus mechanism, increasing the security and scalability of the network.
eCash stands out for its transaction speed. Transactions on the eCash network are extremely fast, with confirmation times significantly shorter than many other cryptocurrencies. This is possible thanks to Avalanche technology, which allows for near-instant confirmations, making eCash ideal for everyday payments and microtransactions.
In short, eCash combines the security and decentralization of the blockchain with the speed and efficiency needed for mass adoption, offering a simplified and accessible user experience for everyone.
And did you already know the history of this currency? Do you have it in your portfolio? Tell me in the comments 🤓