During the recent Electronic Cash Conference in Barcelona, the founder of eCash, Amaury Séchet, unveiled one of the most anticipated innovations in the cryptocurrency landscape: the launch of Pre-Consensus. This new feature will be integrated into the eCash (XEC) network starting from November 15, marking a fundamental step in the project’s roadmap.
Séchet’s announcement has captured the attention of developers, investors, and industry operators, outlining a technological breakthrough that promises to redefine the speed and security of digital transactions. The presentation detailed both the objectives and the activation methods of this innovation, which is heralded as a true watershed for the world of digital money.
What is Pre-Consensus and why is it so important
Instant Finality on Proof-of-Work Blockchain
The Pre-Consensus introduces into the eCash network a consensus mechanism inspired by the Avalanche model, integrating it into a blockchain based on proof-of-work (PoW). This solution allows for achieving near-instant transaction finality, even before block production.
According to the official materials of the project, this is the first implementation of instant finality on a PoW blockchain. The stated goal is to confirm transactions in less than three seconds, drastically reducing reliance on traditional probabilistic settlement systems that characterize routine payments in cryptocurrencies.
Séchet emphasized how “Pre-Consensus is a milestone not only for eCash, but for digital money technology in general”, highlighting the potential impact of this innovation on the entire sector.
Implications for exchanges and services
One of the most revolutionary aspects of Pre-Consensus concerns how exchanges and services can manage deposits. With the activation of this feature, deposits can be credited immediately, without the need to wait for the usual block confirmations. This represents a significant competitive advantage, especially for those operating in high-frequency markets or requiring extremely fast settlement times.
Among the main service providers that already support the Avalanche finality of eCash are prominent names such as Binance, Upbit, Bithumb, HTX, and Coinex. The development team has also made available a public tracking board for integrations and planned rollouts, thus ensuring transparency and constant updates on the adoption of the new technology.
A hybrid between Nakamoto and Avalanche: the vision of eCash
Preserve Proof-of-Work, Accelerate Settlement
Developers describe eCash as a Nakamoto/Avalanche hybrid, a platform that maintains the reliability of proof-of-work but, thanks to Pre-Consensus, layers Avalanche consensus to accelerate transaction settlement. This architecture allows for combining the security and decentralization typical of PoW blockchains with the speed and efficiency of Avalanche solutions.
It is important to emphasize that the implementation of Avalanche on eCash is completely independent from the AVAX network. The development was handled by the Bitcoin ABC team, as confirmed by both the official documentation and the announcement made during the conference.
Timelines and Next Steps
The activation of Pre-Consensus is set for November 15, subject to the network update on all compatible nodes. The eCash team invites users, developers, and operators to consult the project’s official website and the integration tracking sheet for further details on instant finality and the implementation methods of Avalanche technology.
The roadmap includes continuous updates to the support card as an increasing number of services will enable the new functionality, thus promoting widespread and timely dissemination of the innovation.
A new standard for digital money?
The introduction of Pre-Consensus on eCash represents a potential turning point for the entire cryptocurrency sector. The ability to confirm transactions in seconds without sacrificing the security of proof-of-work opens up new scenarios for instant payments, microtransactions, and decentralized applications that require speed and reliability.
With the support of leading exchanges and a clear roadmap towards global adoption, eCash positions itself as a reference for those seeking speed, security, and innovation in the world of digital money. The event on November 15 will therefore be a key date to closely observe how this technology can redefine the standards of transactions on blockchain.
For those who wish to delve deeper, all updated information is available on the official eCash website and on the public dashboard that monitors service integration: essential tools to keep up with one of the most promising evolutions in the sector.