What is eCash?

Symbol: XEC · Market cap rank: #233

Short answer

eCash (XEC) is a cryptocurrency currently ranked #233 by market capitalisation. It is classified as Layer 1 (L1), Bitcoin Fork, Proof of Work (PoW).

Source: isthiscoinascam.com

Overview

eCash (XEC) is a Layer-1 digital cash network created by Bitcoin ABC on November 15, 2020. It features a hybrid consensus mechanism that combines Nakamoto and Avalanche consensus with its core proof-of-work layer, aimed at enhancing security and capabilities.

The project's primary use cases include fast transactions with instant finality and scalable throughput. It aims to improve transaction speeds from approximately 100 transactions per second to over 5,000,000 transactions per second, with a governance model that supports flexible protocol upgrades.

Launched: 2020

Headquarters: Unknown

Scam-risk analysis

eCash is rated B on isthiscoinascam.com. Is eCash a scam?

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