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Introducing eCash: A Deep Dive

eCash (XEC), formerly known as Bitcoin Cash ABC (BCHA), is a cryptocurrency that emerged as a fork of Bitcoin (BTC) and Bitcoin Cash (BCH). Its primary purpose is to serve as electronic cash, offering a reliable method of payment for various goods and services. The rebranding of eCash took place on July 1, 2021, aiming to establish its distinct identity from its predecessor.

Exploring the Salient Features of eCash

Understanding the Project's Objectives

• eCash is a product of skilled bitcoin developers who actively contributed to the inception of Bitcoin Cash. Its technical roadmap sets it apart, harboring more ambitious goals.
• Inspired by the academic vision of Milton Friedman, eCash aspires to fulfill crucial promises related to blockchain scaling. It incorporates unique attributes, including the Avalanche consensus layer and a dedicated token layer. Additionally, eCash plans to introduce groundbreaking features such as staking, fork-free network upgrades, and subchains, setting it apart from previous Bitcoin ventures.
• eCash harnesses the core technology that propelled Bitcoin to success, incorporating elements such as a fixed supply, halving schedule, and genesis block. Simultaneously, it embraces the latest Proof of Stake consensus and protocol governance.
• To ensure continued innovation and growth, the eCash network undergoes mandatory protocol upgrades twice a year, specifically on November 15th and May 15th, obligating all node operators to participate.

An Unparalleled Approach: What Sets eCash Apart?

eCash's development team envisions compatibility with the Ethereum Virtual Machine (EVM), emphasizing interoperability with the thriving decentralized finance (DeFi) sector on Ethereum (ETH). To achieve this feat, the developers have devised five core missions:

• Enabling anonymous transactions
• Ensuring the immutability of transactions
• Maintaining affordability with almost free transactions
• Establishing globally secure transactions with a finality of fewer than three seconds
• Designing the coin's infrastructure as a public good, funded through its social contract

In light of these aspirations, the developers have formulated an ambitious roadmap, including the following key milestones:

• Implementing canonical transaction ordering to facilitate scalable block processing
• Enabling Schnorr Signatures for batched signature validation
• Streamlining block propagation through graphene or alternative methods
• Deploying UTXO commitment with blockchain pruning and expediting initial sync
• Adopting the Merklix-Meta Tree approach for scalable block processing
• Introducing adaptive block sizes to support market-driven growth up to 1TB blocks

These innovative solutions aim to empower eCash to handle an impressive 50 transactions per user per day, accommodating a staggering 10 billion users.