Episode notes
Blockchain is a decentralized digital ledger that records all transactions across a network. It works by linking blocks of data in a chain, where each block contains information about transactions and is connected to the previous one. This structure ensures transparency, security, and immutability of data. Blockchain technology is the foundation for many cryptocurrencies, including eCash and Bitcoin Cash.
eCash is a cryptocurrency designed to function as electronic cash, built on blockchain technology. eCash was born from the split of the Bitcoin Cash blockchain in November 2020. After the hard fork, one of the chains was renamed Bitcoin Cash ABC (BCHA), which later became eCash (XEC). eCash aims to provide fast, low-cost transactions with a high level of security, making it suitable for everyday use as a medium of exchange.