eCash is the continuation of the Bitcoin Cash project and continues to be developed by Bitcoin ABC, the team who started it back in 2017. Overall, this token is classified as Shariah Compliant.
| Category | Details | Status |
|---|---|---|
| Legitimacy | Not regulated by any countries or regulatory bodies. The project has a clear roadmap and genuine product on the blockchain, while the token/coin has a fundamental underlying value that allows it to be categorized as "Mal" | Passed |
| Project | Avalanche - a revolutionary consensus algorithm that enables instant transactions, enhanced security, and fork-free upgrades. Other bitcoin competitors (like Bitcoin Cash) lost significant value from contentious (and seemingly endless) forks. | Passed |
| Financials | Combining the core tech behind Bitcoin success - the same fixed supply, halving schedule, and genesis block - with the latest Proof of Stake consensus & protocol governance. | Passed |
| Token | eCash supports tokens that anyone can create and trade. | Passed |
| Staking Method | Avalanche staking - a critical part of eCash governance and user incentivization. | Passed |
Read the source document and verify project fundamentals.