What is eCash?

eCash is a cryptocurrency project that was created to provide users with a secure, private, and fast way to send and receive digital payments.

It is based on the CryptoNote protocol, which is an open-source technology that provides users with complete anonymity and privacy when making transactions. eCash utilizes a unique ring signature system that allows users to sign their transactions without revealing their identity or the amount of money being sent. This makes it impossible for anyone to trace the origin of the funds or who sent them.

The eCash network also features a built-in decentralized marketplace where users can buy and sell goods and services using their eCash tokens. This marketplace is powered by smart contracts, which are automated agreements between two parties that are enforced by code rather than relying on trust or third-party intermediaries. This allows for faster, more secure transactions without the need for any middlemen or third-party services.

eCash also has its own blockchain, which is used to store all transaction data securely and privately. The blockchain is secured through a consensus mechanism called Proof of Work (PoW), which requires miners to solve complex mathematical puzzles in order to add new blocks of data to the chain. This ensures that all transactions are valid and secure before they are added to the blockchain.