eCash (XEC), formerly known as BCHA, is a cryptocurrency born from a fork in Bitcoin Cash (BCH) and developed by the Bitcoin ABC team. Utilizing the Avalanche consensus protocol, eCash offers enhanced security and near-instant transaction confirmation times. The rebranding not only introduced a new name and display format but also maintained the core functions of the cryptocurrency.
What Makes eCash Unique?
eCash’s integration of the Avalanche protocol significantly boosts Blockchain security and ensures fast transaction confirmations. This protocol also allows for seamless future network upgrades, making eCash adaptable and future-proof. Furthermore, eCash supports staking, allowing users to participate in network consensus and earn rewards. The platform also enables the creation of custom tokens, known as eTokens, which can be utilized by businesses and developers for diverse applications.
In addition to its technological advancements, eCash introduces a new unit of account, ‘bits,’ where 1 BCHA is equivalent to 1 million XEC. This change aims to make the cryptocurrency more user-friendly and easier to understand. Despite the rebranding, the fundamental mechanics of the cryptocurrency and its supply remain consistent, only adjusted to the new unit ratio.
How to Purchase eCash (XEC) with TRY?
For Turkish investors, Binance TR offers a seamless platform to buy eCash (XEC). The process involves creating an account, verifying your identity, and depositing Turkish Lira (TRY). Once these steps are completed, users can easily purchase XEC through the trading options available on Binance TR. The exchange supports various banks for easy deposits and offers 24/7 transactions for amounts up to 50,000 TRY via FAST.
Key Insights for Users
- eCash employs the Avalanche protocol, ensuring high security and rapid transaction confirmations.
- The platform supports staking and custom token creation, enhancing its use-case for businesses and developers.
- Rebranded to use ‘bits’ for easier understanding, 1 BCHA equals 1 million XEC.
- Binance TR provides a user-friendly platform for buying XEC with Turkish Lira.
Overall, eCash is designed for scalable and secure digital payments, integrating Proof of Stake (PoS) Layer 2 solutions to handle high-volume transactions efficiently. This scalability, combined with the security and speed of the Avalanche protocol, positions eCash as a strong contender in the cryptocurrency payment landscape.