
PANews April 25 news, Bitcoin developer Paul Sztorc announced on April 24 that he plans to implement a hard fork on the Bitcoin network in August, launching the new chain eCash. This fork will use a replica of the BTC Core client and the SHA-256 algorithm, lowering the initial mining difficulty; Bitcoin holders can exchange for eCash at a 1:1 ratio, while adding 7 new second-layer scaling networks "drivechains" to increase transaction throughput and support optional on-chain privacy features.
Sztorc emphasized that eCash is different from Bitcoin Cash (BCH) from 2017, stating that there will be a "manual" redistribution of about 1.1 million BTC from Satoshi to early investors, calling it the "permanent solution to the Bitcoin problem." This plan has sparked strong opposition in the community, with Bitcoin advocates criticizing the move as "stealing Satoshi's tokens" and questioning the limited current use cases for eCash, predicting the project will completely fail within two or three years. Currently, the Bitcoin community is engaged in intense discussions around protocol upgrades, privacy protection, and post-quantum resistance.
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