Bitcoin Cash ABC rebrands to eCash, embraces proof-of-stake and 2 decimal places
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: “No other money has eight decimal places. Why should crypto? Cryptocurrencies with a lower unit price also enjoy higher bull market appreciation. Because the eCash team is incentivized by both tech and price improvement, this improvement was a no-brainer.”
With the upgrade, all users’ BCHA coins will be converted to XEC at a ration of one-to-one million. Chinese crypto media, Wu Blockchain, noted the project plans to support EVM-compatibility, signalling eCash hopes to interoperate with Ethereum’s burgeoning DeFi sector.
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.”
Bitcoin Cash ABC experienced a rocky ride after emerging as the minority chain after November 2020’s Bitcoin Cash fork. The rest of the community did not accept Sechet’s move to redistribute 8% of newly mined coins to a wallet under his control to fund development. This was implemented into ABC in November. According to CoinmarketCap, Bitcoin Cash is currently the 12th-largest crypto asset with a capitalization of $9.2 billion, while Bitcoin Cash ABC ranks 217th with a market cap of $587 million.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 91.6% | 8 | $37 097.04 | -0.82% | -0.64% | $725 437 085 348 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 73.6% | 49 | $2 019.04 | -1.45% | 0.43% | $242 776 798 446 |  |
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| 3 |  USDT |
Tether predictions | 94.4% | 1 | $1.000111 | -0.01% | -0.02% | $88 908 727 469 |  |
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| 4 |  BNB |
Binance Coin predictions | 83.6% | 28 | $227.76 | -0.55% | -12.18% | $34 550 632 059 |  |
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| 5 |  XRP |
XRP predictions | 74.4% | 42 | $0.603348 | -0.85% | -1.91% | $32 470 391 190 |  |
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| 6 |  USDC |
USD Coin predictions | 96% | 1 | $1.000026 | 0% | 0.01% | $24 454 222 190 |  |
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| 7 |  SOL |
Solana predictions | 59.2% | 87 | $55.65 | -0.84% | -2.04% | $23 564 558 713 |  |
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| 8 |  ADA |
Cardano predictions | 68.8% | 62 | $0.373728 | -3.13% | -2.52% | $13 191 951 930 |  |
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| 9 |  DOGE |
Dogecoin predictions | 75.2% | 48 | $0.077436 | -3.25% | 0.32% | $10 996 813 709 |  |
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| 10 |  STETH |
Lido stETH predictions | 91.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
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| 11 |  TRX |
TRON predictions | 84.4% | 27 | $0.101882 | -3.96% | 0.25% | $9 022 656 866 |  |
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| 12 |  WTRX |
Wrapped TRON predictions | 79.6% | 30 | $0.101336 | -4.78% | 0.31% | $8 974 267 655 |  |
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| 13 |  TON |
Toncoin predictions | 78.8% | 31 | $2.45 | 3.78% | 5.17% | $8 403 396 761 |  |
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| 14 |  LINK |
Chainlink predictions | 64% | 69 | $14.12 | -2.71% | -0.92% | $7 863 012 004 |  |
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| 15 |  AVAX |
Avalanche predictions | 60.4% | 86 | $19.93 | -3.53% | -5.56% | $7 275 106 541 |  |
