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ecash.html
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layout: base | layout: base | ||||
title: eCash | title: eCash | ||||
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<div class="flex-content"> | <div class="flex-content"> | ||||
{% include upgrade-notice.html %} | {% include upgrade-notice.html %} | ||||
<div class="ecash-section"> | <div class="ecash-section"> | ||||
<h1>eCash: Wealth Redefined</h1> | <h1>eCash: Wealth Redefined</h1> | ||||
<h3>Rebrand Announcement</h3> | |||||
<p>You're invited to the next era of sound money for the world.</p> | <p>You're invited to the next era of sound money for the world.</p> | ||||
<p>Derived from one of the most trusted names in cryptocurrency, what was once known as BCHA is now <a href="https://e.cash">eCash</a>.</p> | <p>Derived from one of the most trusted names in cryptocurrency, what was once known as BCHA is now <a href="https://e.cash">eCash</a>.</p> | ||||
</div> | <p>For information on the rebrand from BCHA to eCash, please visit our <a href="/bcha/">BCHA page</a>.</p> | ||||
<div class="ecash-section"> | |||||
<h2>What happened:</h2> | |||||
<ul> | |||||
<li>On July 1, 2021 at 12:00 noon UTC, Bitcoin Cash ABC (BCHA) rebranded to eCash (XEC).</li> | |||||
<li>The primary unit is now bits (2 decimal places) instead of BCHA (8 decimal places, the legacy default used by both Bitcoin and Bitcoin Cash).</li> | |||||
<ul> | |||||
<li>1 BCHA = 1,000,000 XEC</li> | |||||
</ul> | |||||
<li>The address format has been updated. You can use this <a href="https://e.cash/address-converter">address converter</a> to convert between address formats.</li> | |||||
<li>A new website was launched at <a href="https://e.cash">e.cash</a>.</li> | |||||
</ul> | |||||
</div> | </div> | ||||
<div class="ecash-section"> | <div class="ecash-section"> | ||||
<h2>The eCash Mission</h2> | <h2>The eCash Mission</h2> | ||||
<p>eCash is the natural continuation of the Bitcoin Cash project. Realizing the vision of the legendary Milton Friedman, eCash follows through on key promises such as the innovative Avalanche consensus layer while also introducing concepts never before seen in a Bitcoin project such as staking, fork-free network upgrades, and subchains.</p> | <p>eCash is the natural continuation of the Bitcoin Cash project. Realizing the vision of the legendary Milton Friedman, eCash follows through on key promises such as the innovative Avalanche consensus layer while also introducing concepts never before seen in a Bitcoin project such as staking, fork-free network upgrades, and subchains.</p> | ||||
<p>Look for the ticker symbol XEC on exchanges, wallets, or price charts, and take your first step towards true financial freedom.</p> | <p>Look for the ticker symbol XEC on exchanges, wallets, or price charts, and take your first step towards true financial freedom.</p> | ||||
</div> | </div> | ||||
<div class="ecash-section"> | <div class="ecash-section"> | ||||
<h2>Frequently Asked Questions</h2> | <h2>Frequently Asked Questions</h2> | ||||
<p><b>Question:</b> Do I need to perform a token swap? | |||||
<br> | |||||
<b>Answer:</b> No. The rebranding from BCHA to eCash (XEC) was not a token swap. There were no changes to the blockchain. The rebrand simply changed how things are displayed to users in wallets and exchanges.</p> | |||||
<p><b>Question:</b> What happenned to the BCHA token? | |||||
<br> | |||||
<b>Answer:</b> Nothing changed on the blockchain. Under the hood, "eCash" (XEC) is the same thing as "BCHA". The way it is displayed to users simply changed. So nothing happened to BCHA token, it just changed name to eCash/XEC, and the default base unit changed so that 1,000,000 XEC = 1 BCHA.</p> | |||||
<p><b>Question:</b> What will happen if I send BCHA to an eCash wallet ? | |||||
<br> | |||||
<b>Answer:</b> If you send 1 BCHA to an eCash wallet, you will be credited 1,000,000 XEC. The conversion happens in the wallet, there is no change in the transaction format on the blockchain. Similarly, sending 1,000,000 XEC to a BCHA wallet will credit 1 BCHA on the receiving end.</p> | |||||
<p><b>Question:</b> Is there a separate chain? | |||||
<br> | |||||
<b>Answer:</b> No, there is no separate chain. It is the same blockchain as before the rebrand. Just the way it is displayed to users changed.</p> | |||||
<p><b>Question:</b> To change between address formats, can I simply edit the address by hand to change the prefix from "bitcoincash" to "ecash"? | |||||
<br> | |||||
<b>Answer:</b> You should use an <a href="https://e.cash/address-converter">address converter</a> if you need to convert between address formats. The body of the address contains a checksum which covers the prefix, so simply cutting and pasting the prefix by itself will cause a mismatch.</p> | |||||
<p><b>Question:</b> As a BCHA holder, what do I need to do for this rebranding? | |||||
<br> | |||||
<b>Answer:</b> BCHA holders didn't need to do anything. Even if you did nothing, the rebrand took place automatically. When you upgrade to a new wallet, the display changes automatically to show your holdings as eCash instead of BCHA. If you didn't upgrade your wallets, everything will continue to work as it did before. It is recommended to upgrade, as almost all wallets and exchanges now use eCash/XEC, so it is less confusing if you upgrade to a wallet that displays as eCash/XEC.</p> | |||||
<p><b>Question:</b> What is the eCash supply? | <p><b>Question:</b> What is the eCash supply? | ||||
<br> | <br> | ||||
<b>Answer:</b> The supply of eCash is limited to 21 Trillion XEC. This means that measured in satoshis, the eCash supply is the same as BTC supply: 2.1 quadrillion satoshi. The different headline number simply reflects the 1,000,000:1 redenomination of the eCash base unit. The equivalence of the BTC and XEC supply can seen visually by writing their supply limits like this: | <b>Answer:</b> The supply of eCash is limited to 21 Trillion XEC. This means that measured in satoshis, the eCash supply is the same as BTC supply: 2.1 quadrillion satoshi. The different headline number simply reflects the 1,000,000:1 redenomination of the eCash base unit. The equivalence of the BTC and XEC supply can seen visually by writing their supply limits like this: | ||||
<br> | <br> | ||||
XEC: 21,000,000,000,000.00 | XEC: 21,000,000,000,000.00 | ||||
<br> | <br> | ||||
BTC: 21,000,000.000,000,00 | BTC: 21,000,000.000,000,00 | ||||
<br> | <br> | ||||
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