eCash, since its rebranding, has issued a clear roadmap, describing its proposal with the definition of a set of core tech elements and key functionalities that the currency expects to achieve. Some of them have a great impact on the usability of the coin, while others (like Avalanche) aim to improve the technical performance and security of the currency using alternative consensus algorithms.
But there is another core tech in eCash’s roadmap that has been overlooked since its rebrand and it has to do with privacy. With big tech companies and others controlling and surveilling everything that is being said and done on the internet, privacy is fast becoming an urgent and essential ingredient to individual freedom. This is true also for those wanting to transact using electronic money.
As the e.Cash website elaborates:
“Unfortunately, data analytics and tracking technology have advanced while Bitcoin privacy tech has remained stagnant. Privacy is fundamental to sound money. This is why eCash supports the CashFusion protocol.”
What is CashFusion and why is it important?
Cashfusion is an implementation of CoinJoin that allows users to create multi-party transactions with several other users with the objective of increasing the fungibility of those coins. This means that all of the spent currencies will be treated in the same way, without the possibility of blacklisting addresses and coins. However, this is not done with the intention of aiding potential criminals, but with the idea of protecting the privacy and transactions of users from upcoming threats.
When the process of doing these joint transactions ends, all coins are mixed and are virtually impossible to separate from the others. While CashFusion can be implemented in other proof of work coins, there is a key advantage for using eCash to do it: fees. eCash’s fees are low enough that even a hundred transactions will not be significant when compared to the value of the tokens being fused.
CashFusion in eCash
CashFusion was developed before the creation of eCash and was already embraced by the development team at that time. In eCash it is now declared a core technology and is intended to serve as an opt-in privacy option for both tech-savvy and ordinary users that are worried about their privacy when using the eCash blockchain while allowing others to opt out for other reasons.
This privacy technology is comparable to that of well known privacy coins while safeguarding the auditable supply cap and scalable properties of the underlying blockchain structure.
The optional nature of this technology ensures that the chain remains as compliant as the BTC chain.
At first CashFussion will be available as an option in the Electrum ABC desktop wallet. Ideally, this privacy enhancing technology will also become available as an option in the more simple wallets like Cashtab or other emergent wallets.
CashFusion Means Future Proofing eCash
More and more people are becoming aware of cryptocurrencies and the power it has, and cryptocurrency payments could become mainstream in the future. Advertising companies and governments will strive to know more about your purchase patterns to tailor their solutions to reach you in different ways. eCash is already prepared for the future, with a core tech that allows its users to transact without worrying about privacy.