# eCash (XEC): D-Score 77/100 — Decentralized

**BlockIndex D-Score: 77/100 (Decentralized).** eCash (XEC) is a Layer 1 cryptocurrency using PoW consensus. eCash (XEC): UTXO Layer-1 combining PoW security with Avalanche consensus for near-instant finality and native eToken support.

_Source: https://blockindex.ai/coin/xec · Data by BlockIndex.AI · Updated 2026-06-19_

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 77 |
| Node distribution | 30 |
| Initial distribution | 13 |
| Governance | 16 |
| Age and history | 13 |
| Autonomy | 5 |

## Key facts
- Layer: Layer 1
- Consensus: PoW (Other)
- Launch: Fair Launch (2020)
- Founder: Amaury Séchet
- VC funded: No
- Max supply: 21,000,000,000,000
- Circulating: 20,043,989,047,580 (95.4%)

## Market data (as of 2026-06-19)
- Price: $0
- Market cap: $106.96M
- 24h volume: $3.49M
- 24h change: -2.68% · 7d change: -0.82%

## About
eCash (XEC) is a UTXO-based, Layer-1 digital cash network that emerged from the Bitcoin ABC team’s iteration on Bitcoin Cash ABC. Founded and led in development by Amaury Séchet and the Bitcoin ABC engineering group, the project formally originated on November 15, 2020 and rebranded to eCash on July 1, 2021. eCash’s mission centers on delivering a next-generation digital cash experience by combining Nakamoto-style Proof-of-Work security with Avalanche-based consensus primitives to dramatically shorten settlement times while preserving the censorship-resistance and decentralization properties of a PoW base layer. The team emphasizes real-world payments UX — including a denomination change to bits, gas-less transactions for selected token flows, native token tooling (eTokens), and wallet-native DEX features — to lower friction for end users and service integrators.

Technically, eCash retains a Bitcoin-like UTXO architecture but layers Avalanche Post-Consensus (and later Pre-Consensus) mechanisms on top of PoW to provide faster finality guarantees. The hybrid design allows block production to remain PoW-secured while nodes run Avalanche polling to converge on block acceptance, enabling one-confirmation deposits and ultimately sub-3-second finality once Pre-Consensus was activated. The protocol roadmap also includes canonical transaction ordering, Schnorr signature support, Merklix-Meta Tree improvements for scalable block processing, an adaptive block-sizing strategy, and plans for permissionless subnets such as an EVM subnet and ZK-enabled subnet for privacy and interoperability. Developer tooling and on-chain infrastructure such as Chronik (an in-node indexer), Cashtab (reference wallet with eToken support), and Agora (an atomic-swap marketplace) are central to the project’s strategy for enabling tokenized ecosystems on a UTXO foundation.

The eCash economic design preserves Bitcoin-like monetary mechanics but adapts the human-facing units and supply representation: the protocol uses a 21 trillion XEC max supply (21,000,000,000,000 XEC), with roughly 19.96 trillion XEC in circulation at the time of these notes (~95.06% circulated). Emission follows the familiar Bitcoin halving schedule denominated to XEC units; no premine or founder allotment is documented in the provided materials and the distribution is described as a fair-launch style allocation. The project introduced permissionless staking rewards in 2023 — leveraging Avalanche-enabled stake proofs for Sybil resistance — and supports eTokens (an evolved SLP/colored-coins protocol) to enable fungible tokens, NFTs, and gas-less flows in certain implementations. Native marketplaces (Agora) and wallet DEXes (Cashtab) provide on-chain trading paths without requiring external L1 smart-contract platforms.

Governance for eCash is primarily developer-driven with community participation; project documents and public communications describe a public-good or "social contract" funding approach rather than a formal on-chain DAO. Decision-making is led by Bitcoin ABC engineers with Avalanche polling used to converge certain node/operator policy decisions, but no canonical on-chain governance token or DAO process is documented in the supplied source set. The project has demonstrated steady staged technical progress — Post-Consensus (2022), staking rewards (2023), Chronik and eTokens (2024), Heartbeat DAA (2024), and Pre-Consensus activation (2025) — and focuses future work on scaling, canonical ordering, and subnet expansion to attract DeFi and privacy-centric use cases while maintaining PoW-rooted security.

## Links
- Website: https://e.cash/
- Whitepaper: https://e.cash/bitcoin.pdf
- GitHub: https://ecash.community/

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About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore