Bitcoin developer Paul Sztorc plans to launch the hard fork network ECash, supporting 1:1 exchange for BTC, sparking community controversy

Crypto Mars News: Bitcoin developer Paul Sztorc announced that the Bitcoin hard fork network eCash will be officially launched, allowing BTC holders to exchange BTC for eCash at a 1:1 ratio after the hard fork goes live. It is reported that the network’s Layer1 node software will be an “almost identical copy” of the Bitcoin Core client, will continue to use the SHA-256 hashing algorithm, and will lower the initial mining difficulty to attract more miners to participate. Meanwhile, eCash will also be equipped with 7 Layer2 scaling networks called “drivechains” to increase transaction throughput and support optional on-chain privacy features. Paul Sztorc said that eCash is different from Bitcoin Cash from 2017, will no longer use the “Bitcoin” naming, and is a long-term solution to address Bitcoin’s scalability and privacy issues. However, his proposal to manually redistribute a portion of Satoshi’s approximately 1.1 million BTC to early investors has sparked strong controversy within the community, with some Bitcoin supporters criticizing the move as “theft” and a violation of Bitcoin principles.