A Bitcoin Developer Has Raised the Banner of Rebellion: He Plans to Create a Bitcoin Clone and Distribute Satoshi Nakamoto’s Funds to Users

Bitcoin developer Paul Sztorc has announced a new hard fork plan that could create a fundamental change to the network.

A September launch of this upgrade, known as ‘eCash’ is planned to create a Layer 1 network that will be the successor for bitcoin and seven Layer 2 scaling solutions (Drivechains) which it hopes would provide an alternative to Bitcoin.

Sztorc’s data, which has been shared by the company after the hard fork, said that “old Bitcoin ($BTC) holders will be able to exchange their assets for eCash at a 11 ratio.” The new chain’s Layer 1 node software was reportedly said to be “a copy of the Bitcoin Core client” but it still uses the SHA-256 algorithm. But it was also said that the initial difficulty will be reduced to increase mining participation.

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In addition, another significant aspect of the project’s work is that it integrates seven Layer 2 solutions to increase transaction speed. The structure, which is designed to support both higher transaction throughput and optional on-chain privacy features of this architecture, is intended to be a supportive structure for the use of high transaction viaput as well as an option available in its own right.

eCash, Sztorc claimed, was different from forks such as Bitcoin Cash (which emerged in 2017), adding that the project “aimed to solve Bitcoin’s long-standing problems.” However, this policy provoked controversies within the community.

Among the most controversial plans were to ‘manually redistribute’ some part of the roughly 1-1. Early participants in Satoshi Nakamoto have 1 million $BTC thought to be part of the . The idea was heavily opposed by some Bitcoin fans, which claimed it would be interference with the assets on original chain.

*This is not investment advice.

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