Paul Sztorc, co-founder and CEO of LayerTwo Labs and a Bitcoin developer, has unveiled plans for eCash, a hard fork scheduled to launch in August 2026.
The plan’s treatment of coins linked to Satoshi Nakamoto has sparked backlash across X.
What Sztorc Proposed for the Bitcoin eCash Hardfork
In a post, Sztorc revealed that eCash’s L1 node will be a “near-copy of Bitcoin Core.” The chain will use SHA-256d mining with a one-time difficulty reset.
Follow us on X to get the latest news as it happens
The Layer 1 (L1) network will activate Sztorc’s BIP300 and BIP301 proposals via soft fork. Seven drivechains are already in development, including Truthcoin for prediction markets and CoinShift as a decentralized exchange (DEX).
Other L2s include BitNames for identity, BitAssets for non-fungible tokens (NFTs), and Photon for quantum resistance. The team will also release a coin-splitter tool.
Sztorc framed eCash as a permanent fix, unlike the 2017 Bitcoin Cash (BCH) split, which focused on increasing the block size. A notable aspect involves the planned allocation of a portion of coins attributed to Satoshi Nakamoto.
In a separate post, the developer clarified that the process does not involve taking any BTC linked to Satoshi Nakamoto. Instead, it would assign 600,000 newly created eCash tokens to Satoshi on the forked chain, less than the 1.1 million coins typically attributed to those holdings, but more than allocations seen in other networks.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights
Community Calls Satoshi Coin Reassignment
Nonetheless, the plan has already drawn pushback from parts of the crypto community. Commenting on X, Caffè Satoshi urged “extreme caution when receiving this eCash.”
Others were more critical of the distribution model. Podcast host Peter McCormack argued that any attempt to take coins linked to Satoshi Nakamoto is both “theft” and “disrespectful.”
Follow us on X to get the latest news as it happens
Satoshi Nakamoto’s Bitcoin holdings have long been a source of philosophical tension within the Bitcoin community. Even in debates around potential quantum threats, opinions remain sharply divided.
Some argue the coins should be burned to mitigate future risks, while others oppose any intervention, maintaining that such actions would undermine Bitcoin’s core principles of decentralization and immutability.
The post Critics Push Back Against Developer’s Plan to Reassign Satoshi’s Coins in eCash Fork appeared first on BeInCrypto.
Source: https://beincrypto.com/ecash-hardfork-satoshi-bitcoin-backlash/
