BCHA Rebrands to eCash, Revealing Wealth Redefined Concept.
BCHA is now eCash
eCash, the rebrand of BCHA is almost here. Scheduled to go online tomorrow according to the official announcement issued by the Bitcoin Cash ABC team, it aims to become one of the leading Bitcoin implementations in the field. This new concept of “Wealth Redefined” is supported by the same team that programmed the Bitcoin Cash ABC client and maintained it as the main full node client for years.
The new proposal states its purpose straight away. eCash will be the “natural continuation of the Bitcoin Cash project,” seeking to power the proposition of P2P money for the world. It also mentions Milton Friedman as one of its inspirations for this new endeavor.
This rebrand will change some important things, but for the most part, end-users will not have to do anything to use their eCash after the rebrand. In the first place, the XEC ticker will replace the old BCHA ticker in supported exchanges, to identify the new product with the brand.
In the second place, the supply will be redefined, with 1 BCHA becoming 1,000,000 XEC. This to make it easier to use for payment by reducing the number of decimals needed. This will also make the primary unit cheaper so more users can purchase the currency.
While the rebrand will not include them, there are certain unique changes proposed for the future of eCash. The announcement mentions the inclusion of Avalanche, the consensus mechanism of the AVAX cryptocurrency. Other changes like staking, fork-free network upgrades, and subchains are also predicted to happen, all derived from the implementation of the said protocol. This would be the first time that a Bitcoin-based currency implements these modifications.
Investors And A Surprise
There has not been an official announcement of the people behind this rebrand. But a tweet from Colin Wu, a Chinese cryptocurrency journalist, offers a glimpse regarding that subject. Wu said that “BCHA’s main investor” was based in South Korea. He added that the redenomination would appeal to that particular market.