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Bitcoin Cash ABC

BCHA

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About Bitcoin Cash ABC

Emanated from one of the cryptocurrencies in the crypto space, what was once known as Bitcoin Cash ABC (BCHA) is now eCash. ECash is a cryptocurrency that is created to be utilized as electronic currency. This network makes it feasible for the users to send tokens directly to other people online and use eCash to pay for goods and services.

According to the website, XEC is the governance token of eCash, and the token holders can use this token to send and receive payments without having a bank account. It’s available worldwide, and users can utilize this token to send and receive cross-border payments anywhere in the world.

Further, the website says eCash utilizes the PoS (proof-of-stake) consensus layer called “Avalanche.” Avalanche is a revolutionary consensus algorithm that offers enhanced security, instant transactions, and fork-free upgrades. The developers have set their sights on three main modifications:  

eCash is led by its lead developer Amaury Sechet. He is the founder of Bitcoin Cash and is now the head of eCash. The Bitcoin Cash (BCH) blockchain was separated into two different chains on November 15, 2020. One of those chains was called BCHA for some time but later got rebranded as eCash.

As per the website, eCash is different from other tokens, where the founding teams hold a big proportion of the maximum total supply. In those coins, the large number of coins that the team holds do not release into the market on time, which can cause inflation. Whereas XEC, on the other hand, already issued about 90% of the total supply, and the developers only hold a small percentage of coins. Therefore, the new supply of XEC into the market remains limited.

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Germany News about Bitcoin Cash ABC

CoinDesk • Apr 29, 24

South Africa’s Election Won’t Interfere With Crypto Policy: Industry Watchers

South Africa's upcoming election isn't expected to derail the country's agenda for digital assets, several members of the crypto community told CoinDesk.

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CoinDesk • Apr 29, 24

Australian Securities Exchange Could Approve Spot-Bitcoin ETFs Before 2024-End: Bloomberg

The Australian Securities Exchange (ASX), which accounts for 90% of Australia's equity market, is expected to approve the first spot-Bitcoin {BTC} exchange traded funds (ETFs) before the end of 2024, Bloomberg has reported, citing people familiar with the matter.

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Unchained • Apr 29, 24

Optimism Patches Issues With Testnet Fraud Proofs After Alert From Offchain Labs

OP Labs, the entity behind the Ethereum layer 2 network Optimism, has patched two vulnerabilities with the fraud proof system deployed on the testnet. The fix was disclosed by Offchain Labs, the developers of Arbitrum, another popular layer 2 network that is widely considered to be a competitor t...

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CoinDesk • Apr 29, 24

Here’s How EU Nations Are Preparing to Enforce MiCA

With MiCA stablecoin rules taking effect in June, CoinDesk reached out to regulators in all 27 EU member states to show where countries are at with implementation.

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The Block • Apr 29, 24

Australia’s largest stock exchange could list approved spot bitcoin ETFs by end of 2024: Bloomberg

Australia’s ASX stock exchange is expected to list its first approved batch of spot bitcoin ETFs on the main board by 2024.

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BeInCrypto • Apr 29, 24

Australia Gears Up for Major Bitcoin ETF Rollouts in 2024

Heavyweight ETF issuers are leading the charge to bring Bitcoin ETFs to the Australian market.The post Australia Gears Up for Major Bitcoin ETF Rollouts in 2024 appeared first on BeInCrypto.

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