Hasty Briefsbeta

Bilingual

Bitcoin Dev Plans to 'Reassign' Coins Linked to Satoshi Nakamoto in Hard Fork

12 hours ago
  • #Bitcoin
  • #Cryptocurrency
  • #Hard Fork
  • Paul Sztorc of LayerTwo Labs proposes a Bitcoin hard fork named eCash.
  • The fork would clone and reassign up to 500,000 Bitcoin linked to Satoshi Nakamoto to investors.
  • Existing Bitcoin holders will receive equivalent eCash tokens at the time of the fork.
  • The project is described as a clone of Bitcoin's ledger with modifications, not affecting the original Bitcoin network.
  • Critics, like Jameson Lopp, view it as a publicity stunt and 'outrage marketing'.
  • The fork is scheduled for August 2026 and aims to prevent a 'zombie' chain by attracting capital.
  • It includes Drivechain scaling support with seven sidechains in development.
  • Past hard forks like Bitcoin Cash and Ethereum Classic have underperformed compared to their originals.