Bitcoin Cash ABC has rebranded to “eCash,” redenominated its token, and launched a proof-of-stake consensus layer. Bitcoin Cash ABC (BCHA), the embattled cryptocurrency project that has forked away from both Bitcoin and Bitcoin Cash, has rebranded to eCash (XEC).
The project’s re-launch will see it integrate proof-of-stake consensus layer “Avalanche,” introducing staking and greatly increasing the speed of transactions.
eCash will also reduce its decimal places down from eight to two, with lead developer, Amaury Sechet, stating: Bitcoin ABC proponent, Joannes Vermorel, articulated five core missions for the project — ensuring transactions are anonymous, immutable, low cost, and secure in less than three seconds, and maintaining infrastructure as “a public good funded through the coin social contract.”
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