Electric Cash (ELCASH) is a payment protocol designed to be accessible and lightweight, with a focus on reducing transaction fees. It offers fast and free transactions on a secure and decentralized network, making it ideal for everyday payments.

Electric Cash also provides a staking mechanism where network participants can stake ELCASH to govern the network and earn rewards. Staking offers additional benefits such as free transactions and Governance Power (GP). Any Electric Cash holder can stake their coins.

To achieve direct democracy, Electric Cash implements a governance system. This system allows for proposing, designing, agreeing upon, and implementing changes not only to the blockchain source code but also to other important network and community issues. Users can vote on proposals made by both community members and the core management team of Electric Cash thanks to the blockchain's built-in voting mechanism.

During the early stages of development, Electric Cash operates using a merged mining process. This process allows Electric Cash to leverage the hashing power of larger SHA-256 (Bitcoin-like) based chains, ensuring the overall security of the new network. Merged mining is implemented with Bitcoin, where BTC serves as the parent chain and ELCASH as the auxiliary chain. As a result, Bitcoin's Proof-of-Work solutions can be used to validate ELCASH as an auxiliary Proof-of-Work (AuxPoW) consensus mechanism.