Drivechain proposer to launch new Bitcoin hard fork 'eCash' in August

Paul Sztorc, the developer who first proposed the Bitcoin sidechain 'Drivechain', announced on his X account that he plans to launch a new Bitcoin hard fork called 'eCash' this August. He explained that Bitcoin holders will receive an equivalent amount of the new coin; for instance, someone holding 4.19 BTC will receive 4.19 eCash. Sztorc noted that the eCash Layer 1 node is nearly a copy of Bitcoin Core, will be mined using the SHA-256d algorithm, and will maintain code compatibility. He added that 'Drivechain', a sidechain designed to introduce programming capabilities to Bitcoin, is also planned for launch alongside eCash.