Electric Cash is a payment protocol designed to be accessible and lightweight, focusing on reducing transaction fees and providing a seamless experience. Fast and free transactions for stakers on a secure and decentralized network make ELCASH ideal for everyday payments.
A fast transaction layer
A Layer 2 of masternodes is created on top of the network to improve the transaction speed. Masternodes check whether a newly created transaction is valid and ensure that the transaction is irreversible, even before being added to a new block by locking inputs and sharing its information with all the nodes. Thanks to this, the network is promised that the transaction will be included in the next mined blocks.
This fast-layer solution enables fast transactions and ensures a high level of network security. The transactions are propagated to the main blockchain using Layer 2, where they are confirmed before being approved by the PoW miners. All transactions on the Electric Cash network are processed by the fast transaction layer, which means that all ELCASH transfers are fast with no additional fees and no special action required from a user.