eCash

About eCash

eCash is a Layer-1 blockchain built for peer-to-peer electronic cash. It emerged from the 2020 split of Bitcoin Cash ABC and keeps proof-of-work mining while adding an Avalanche-style layer to speed up confirmations, often within a few seconds. XEC is the network’s native token. People use it to pay transaction fees and send low-value payments with small costs, which suits tips, online purchases, and remittances. Some services describe “bits” units that make prices easier to read, and wallets handle the conversions. The chain also supports staking, where holders lock XEC to help secure the pre-consensus layer and earn rewards. eCash uses a self-funding model that shares block rewards among miners, developers, and stakers, which helps fund ongoing upgrades. , Moreover, the token features like eTokens and NFTs allow apps to issue assets as well as make payments. Governance is minimal, but developers aim for upgrades that avoid disruptive chain splits entirely.