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.

This upgrade, called “eCash,” is scheduled to launch in August, and the project aims to create a Layer 1 network as an alternative to Bitcoin, along with seven Layer 2 scaling solutions (Drivechains).

According to information shared by Sztorc, after the hard fork, existing Bitcoin ($BTC) holders will be able to exchange their assets for eCash at a 1:1 ratio. It was stated that the new chain’s Layer 1 node software will be largely a copy of the Bitcoin Core client, while continuing to use the SHA-256 algorithm. However, it was also announced that the initial difficulty will be reduced to increase mining participation.

Another notable aspect of the project is the integration of seven Layer 2 solutions aimed at increasing transaction capacity. This structure is planned to support both higher transaction throughput and optional on-chain privacy features.

Sztorc argued that eCash differed from forks like Bitcoin Cash, which emerged in 2017, stating that the project aimed to “solve Bitcoin’s long-standing problems.” However, this approach sparked disagreements within the community.

One particularly controversial proposal was to “manually redistribute” a portion of the approximately 1.1 million $BTC believed to belong to Satoshi Nakamoto to early participants. Some Bitcoin supporters strongly opposed this plan, arguing that it would constitute interference with the assets on the original chain.

*This is not investment advice.