**[Bitcoin Developer Paul Sztorc Announces BTC Hard Fork Network eCash to Launch in August]** According to a report by Jinse Finance on April 25, Bitcoin developer Paul Sztorc announced that a Bitcoin hard fork network called eCash, which will continue to use the SHA-256 hashing algorithm, is set to launch this August. The proposal will introduce a new competitive Layer blockchain and seven Layer 2 scaling networks called "drivechains." BTC holders will be able to exchange their BTC for eCash at a 1:1 ratio after the hard fork goes live. Paul Sztorc stated that, unlike Bitcoin Cash in 2017, eCash will no longer use the "Bitcoin" name. However, his plan to manually redistribute a portion of Satoshi Nakamoto's approximately 1.1 million BTC to early investors has sparked intense controversy within the community. Some Bitcoin supporters have criticized this move as "theft and disrespect."