EUR to XEC: Convert Euro to eCash instantly

eCash (XEC) is a cryptocurrency that resulted from a fork of Bitcoin Cash (BCH). It was rebranded from Bitcoin Cash ABC (BCHA) to establish a new identity focused on creating a fast, reliable, and scalable digital cash system. It uses 'bits' as its base unit to simplify payments and integrates the Avalanche consensus protocol as a pre-consensus layer to achieve near-instant transaction finality.

You can buy eCash (XEC) with Euro on various cryptocurrency exchanges. The process typically involves creating an account, completing identity verification, depositing EUR via bank transfer (SEPA), credit/debit card, or other payment methods, and then executing a trade on the XEC/EUR market.

eCash (XEC) achieves fast and cheap transactions through its multi-layered approach. The base layer is a Proof-of-Work blockchain with a large block size, while the 'Avalanche on eCash' pre-consensus layer allows for transaction confirmation in under three seconds. This efficiency keeps network fees extremely low, often less than a cent.

The eCash (XEC) network is secured by a combination of Proof-of-Work mining and the Avalanche consensus layer, which protects against 51% attacks. For holding, it's crucial to use a secure, non-custodial wallet where you control the private keys. However, like all digital assets, XEC is subject to market volatility and its price can fluctuate significantly.

The primary use case for eCash (XEC) is as a peer-to-peer electronic cash system for global payments and microtransactions, thanks to its low fees and fast settlement. The project also aims to support token creation (eTokens) and DeFi applications through future EVM compatibility, expanding its utility.

To sell eCash (XEC) for Euro, you would send your XEC from your wallet to a cryptocurrency exchange that lists the XEC/EUR pair. Once deposited, you can place a sell order. After the sale is complete, the resulting EUR balance can be withdrawn to your linked bank account.

eCash (XEC) differs from BTC and BCH primarily through its integration of the Avalanche consensus layer for fast pre-consensus. It also uses 'bits' (two decimal places) as its base unit for user-friendliness, has a different development team (Bitcoin ABC), and has a roadmap that includes staking, subchains, and EVM compatibility.

This feature is a consensus protocol that acts as a fast confirmation layer on top of eCash's main Proof-of-Work blockchain. It is a 'pre-consensus' mechanism that allows nodes to agree on the validity of transactions before they are mined into a block. This provides near-instant transaction finality and enhanced security. It is important to note this is a technology layer and is distinct from the Avalanche (AVAX) blockchain project.