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🔥Bitcoin developer Paul Sztorc announces eCash hard fork launching in August
On April 25th, Bitcoin developer Paul Sztorc announced that in August, the Bitcoin network will undergo a hard fork upgrade called "eCash," aiming to build a brand new competitive Layer 1 network and 7 Layer 2 scaling networks (Drivechains). After the fork is complete, BTC holders can exchange for eCash at a 1:1 ratio. The new chain's Layer 1 node software is based on the Bitcoin Core client, "nearly a complete replica," continuing to use the SHA-256 algorithm, and lowering the initial mining difficulty to increase participation. eCash will introduce 7…
#btc #bch