Interestingly, the white paper also highlights that approximately 90% of XEC has already been issued, with the development team holding a minor percentage of the total supply. These include an innovative Avalanche consensus layer, staking, seamless network upgrades without the need for forks, and the introduction of subchains. The project’s white paper describes eCash as a “natural continuation of the Bitcoin Cash project.” It pledges to fulfill Milton Friedman’s vision while introducing unprecedented features in the Bitcoin project.
As such, eCash represents a novel step in the ever-diversifying world of cryptocurrency. The principles of this ambitious project are deeply entrenched in the monetary philosophies of renowned economist Milton Friedman.īorn from Bitcoin Cash ABC, itself a derivative of the Bitcoin ABC project, eCash symbolizes a branch in the crypto evolution tree, which began with Bitcoin, branched into Bitcoin Cash, and subsequently into Bitcoin ABC. Like Bitcoin, eCash’s total supply is capped at 20 million. One of these chains, initially labeled as BCHA, would eventually evolve into what we know today as eCash on July 1, 2021. The genesis of eCash is rooted in the splitting of the Bitcoin Cash blockchain into two distinct chains on November 15, 2020. What is eCash?ĮCash, symbolized as XEC, is a unique cryptocurrency project steered by Amaury Sechet, a self-proclaimed “financial freedom fighter and benevolent dictator.” Sechet, whose leadership was integral to the birth of Bitcoin Cash, took a hiatus between 20 before re-emerging to steer the eCash project. Its unique approach and features have set the stage for widespread adoption, demonstrating the project’s strength and potential. His guidance and expertise played a crucial role in shaping eCash’s journey.įrom its initial launch in 2020, eCash has experienced a swift rise in popularity, resonating with a growing global user base.
Under the ticker symbol XEC, eCash made its debut in 2020, initially wearing the name of Bitcoin Cash ABC, before its renaming the following year.Īmaury Sechet, a key contributor to the development of Bitcoin Cash, spearheaded the eCash project. Not long after its inception, the new currency underwent a rebranding, taking on the name ‘eCash’ as a strategic move to boost its acceptance in the global crypto market. This pivotal event led to the birth of Bitcoin Cash ABC from its parent, Bitcoin Cash. ECash originated from a divergence in the Bitcoin blockchain, known as a fork, which took place towards the end of 2020.
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