eCash (XEC), short for electronic cash, is a cryptocurrency designed for making digital payments in a peer-to-peer format, such as transferring payments to users or paying for goods and services. eCash, formerly known as Bitcoin Cash ABC (BCHA), emerged as a hard fork from the original Bitcoin blockchain and Bitcoin Cash network.
It offers a quick, cheap, and safe way to conduct financial transactions without needing a bank account or an intermediary. Users can send and receive payments in cryptocurrencies worldwide using their cryptocurrency wallets using XEC coins with low transaction fees, high speed, and more robust security.
The development of eCash was inspired by Milton Friedman, who envisioned the need for reliable electronic cash for the global community to truly enjoy the power of the internet. Friedman imagined eCash to be one of the major forces that could drive the digital transformation of people’s lives through the internet and reduce the role of government as a result.
The eCash project is developed and maintained by Bitcoin ABC, which comprises leading early Bitcoin developers. XEC is the native cryptocurrency of the eCash network. It has the same fixed supply as that of Bitcoin - 21 trillion XEC to 2.1 quadrillion satoshi after the redenomination of the base unit for eCash crypto.