Cryptoworld review#3: eCash (XEC)
The eCash branding came into effect on July 1,2021. It defines itsself “Wealth Redefined” and a “Cryptocurrency that’s designed to be used as electronic cash.” eCash strictly aims to be a means of transaction used to pay for goods and services and makes possible to send money directly to other people online. The base units of eCash are called “bits” and replace the unwieldy decimal places of Bitcoin Cash ABC. The difference between eCash and Bitcoin ABC is that the former is a Cryptocurrency, while the latter is the software that companies use to interact and maintain the eCash network. eCash integrates a proof-of-stake (PoS) consensus mechanism called “Avalanche” (which is not to be mistaken for the other Cryptocurrency Avalanche (AVAX)). Upon rebranding, eCash announced that it would convert all BCHA coins to XEC at a ratio of one to one million. The total supply is 21,000,000,000,000 XEC. eCash is already about 90% issued, and the development team holds only a small amount relative to total supply. This means that new supply of XEC into the market will continue to be very limited. To see the roadmap, click here.
eCash is developed and maintained by Bitcoin ABC, a team of professional industry-leading bitcoin developers.
The leading personality of the company is Amaury Sechet, who was the lead developer of Bitcoin Cash (BCH) and forked that blockchain to establish the predecessor of eCash, Bitcoin Cash ABC (BCHA). Before his involvement in Cryptocurrencies, he was a software engineer at Facebook. On Linkedin he defines himself as “Bitcoin ABC Benevolent Dictator”.
In January 2022 eCash announced a partnership with RocketX, a global liquidity aggregator emphasizing Cross Chain Swaps & Token Transfers, which provide access to global liquidity across various Centralized (CEX) and Decentralized (DEX) exchanges with a single click. Now RocketX and eCash are working together to achieve a bigger goal of making crypto accessible and driving mass adoption globally. Kiran Mannam, RocketX’s Project Lead, showed great excitement in welcoming eCash to boost RocketX’s growth. It will also help users get the best rates with decreased gas fees compared to the market. This will add significantly to RocketX’s value proposition while also helping the community.
eCash has a position on Coinmarketcap oscillating between the fiftieth and the hundredth place of the most capitalized coins.
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