eCash (XEC)
eCash (XEC) is a cryptocurrency that emerged from a rebranding of Bitcoin Cash ABC in July 2021. It aims to serve as electronic cash for online transactions, emphasizing fast, secure, and scalable payments. eCash integrates the Avalanche consensus protocol with its core proof-of-work (PoW) layer to enhance its capabilities.
Unique Selling Points (USPs)
- Avalanche Integration: By incorporating the Avalanche consensus, eCash enhances its security and scalability, enabling rapid transaction finality.
- Scalability: eCash is actively working to increase its transaction throughput from approximately 100 transactions per second to over 5 million, aiming to support a vast number of users and applications.
- Staking Capabilities: The platform offers staking features, allowing users to participate in network governance and earn rewards.
- Fixed Supply: eCash has a fixed supply, which can contribute to its value proposition as a digital asset.
- Support for NFTs and eTokens: The network supports non-fungible tokens (NFTs) and eTokens, facilitating diverse digital asset creation and management.
Recent Milestones
- Regular Heartbeat Upgrade: In November 2024, eCash implemented the "Regular Heartbeat" difficulty adjustment as part of a network upgrade, enhancing the stability and predictability of block times.
- EVM Subnet Development: eCash is developing an Ethereum Virtual Machine (EVM) Subnet to enable scalable smart contracts and improved privacy, broadening its functionality and appeal to developers.
- New Infrastructure Tools: The platform has introduced powerful tools and infrastructure to support the development of applications like eCash Agora and eCashChat, fostering a stronger ecosystem.
Upcoming Catalysts
- Scalability Enhancements: eCash is pursuing initiatives to significantly increase its transaction throughput, aiming to handle over 5 million transactions per second, which would position it as one of the most scalable blockchain networks.
- EVM Subnet Launch: The anticipated launch of the EVM Subnet will enable scalable smart contracts and improved privacy, attracting developers and users seeking advanced decentralized applications.
- Advanced Opcodes Implementation: eCash plans to enhance its scripting capabilities by introducing advanced opcodes, enabling more complex and versatile smart contract functionalities.
