Milton Friedman, the grandfather of the electronic money concept, said: "I think that the internet is going to be one of the major forces for reducing the role of government. The one thing that's missing, but that will soon be developed, is a reliable eCash." As for now, we see that his words were prophetic.
The best way to describe what eCash cryptocurrency is, it’s to quote the official website definition: “Introducing eCash: the new battle-tested cryptocurrency forged from centuries of economic theory and over a decade of real-world crypto experience. eCash is the implementation of the tech-secured sound money envisioned by luminaries in monetary philosophy like Milton Friedman”.
There is the eCash cryptocurrency (XEC) which is used to pay for smart contracts execution and close up network fees. By the way, the network charges very low transaction fees.
The cryptocurrency that exists today under the name of eCash was originally known as Bitcoin Cash ABC (BCHA). In July 2021 it was rebranded to eCash (XEC) and changed its nomination to a 1:1,000,000 ratio.
The split happened due to the team disagreement. After the split newly emerged eCash obtained a proof-of-stake consensus layer “Avalanche” which finally made staking possible, allowed fork-free upgrades, the implementation of subchains, and brought the transaction speed to a higher level.
If you want to become an XEC holder, you are welcome to SimpleSwap. Here you can get this cryptocurrency with comfort and ease: