# eCash

By [kotleta](https://paragraph.com/@kotleta) · 2023-06-08

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[eCash](https://coinmarketcap.com/currencies/ecash/) (XEC) is the rebranded version of [Bitcoin Cash ABC](https://coinmarketcap.com/currencies/bitcoin-cash-abc-2/) (BCHA), itself a [fork](https://coinmarketcap.com/alexandria/glossary/fork-blockchain) of [Bitcoin](https://coinmarketcap.com/currencies/bitcoin/) (BTC) and [Bitcoin Cash](https://coinmarketcap.com/currencies/bitcoin-cash/) (BCH). It calls itself a “[cryptocurrency](https://coinmarketcap.com/alexandria/article/what-are-cryptocurrencies) that’s designed to be used as electronic cash.” eCash strictly aims to be a means of transaction used to pay for goods and services. The coin was rebranded on July 1, 2021, and has since tried to distinguish itself from its predecessor. The base units of eCash are called “bits” and replace the unwieldy decimal places of Bitcoin Cash ABC. Instead of sending 0.00001000 BTC, you would send 10 bits with eCash. ECash integrates a [proof-of-stake](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos) (PoS) [consensus](https://coinmarketcap.com/alexandria/glossary/consensus) layer called “Avalanche,” which is not to be mistaken for the blockchain [Avalanche](https://coinmarketcap.com/currencies/avalanche/) (AVAX). Upon rebranding, eCash announced that it would convert all BCHA coins to XEC at a ratio of one to one million.

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*Originally published on [kotleta](https://paragraph.com/@kotleta/ecash)*