About eCash (XEC)
eCash (XEC) is a cryptocurrency and blockchain network designed to provide peer-to-peer (P2P) payment and electronic cash functionality, as well as interoperability with other blockchain networks. Operating as a rebranded version of Bitcoin Cash ABC — a fork of Bitcoin Cash which is, in turn, a fork of Bitcoin — it also offers anonymized transactions, low transaction costs, and fast transaction validation times.
eCash tokens are divisible into “bits” that are designed to provide a user-friendly alternative to Bitcoin’s multiple decimal place divisibility into Satoshi. A notable difference between Bitcoin Cash and eCash is the integration of a consensus method called Avalanche (no association with the Avalanche blockchain), which functions as an alternative to proof-of-work (PoW).
As such, eCash implements a different consensus than the network from which it was forked and other Bitcoin forks before it. XEC price is updated and available in real time on Binance.