Could you elaborate on the recent rebranding of Bitcoin Cash ABC (BCHA) to eCash (XEC)? What was the motivation behind this change? What are the key differences, if any, between the original BCHA and the new eCash? How does this rebranding affect the users and holders of the cryptocurrency? Does it offer any new features or benefits? What are the implications for the broader
cryptocurrency market? Your insights into this transition would be greatly appreciated.
5 answers
Eleonora
Fri Jul 05 2024
For users who may need to convert between the old and new address formats, a convenient address converter is available. This tool simplifies the transition process for individuals and businesses alike.
DigitalLegendGuard
Fri Jul 05 2024
BTCC, a cryptocurrency exchange based in the UK, offers comprehensive services to its customers. These include spot trading, futures trading, and wallet management, among others.
CryptoVanguard
Fri Jul 05 2024
Effective July 1, 2021, at 12:00 noon UTC, Bitcoin Cash ABC underwent a significant rebranding, transitioning from BCHA to eCash, denoted as XEC.
Andrea
Fri Jul 05 2024
As part of this transition, the primary unit of measurement was altered from BCHA, which had 8 decimal places and was the legacy default for both Bitcoin and Bitcoin Cash, to bits, which have only 2 decimal places.
Valentina
Fri Jul 05 2024
Alongside this unit change, the address format for eCash was also updated. This update ensures compatibility with the new branding and unit of measurement.