Paul Sztorc’s April 24 proposal says eCash will launch in August as a Bitcoin fork with a 1:1 swap, but critics objected to reallocating Satoshi’s coins and warned the network may not last.
Paul Sztorc plans to launch eCash in August through a Bitcoin hard fork with a 1:1 swap for Bitcoin holders. The April 24 proposal says the network will use a fork of BTC Core, SHA-256, and seven drivechains. Criticism focused on the plan to reallocate Satoshi’s estimated 1.1 million BTC, with opponents arguing that changing those founder-era coins would be unacceptable. Critics also said the project could fail within two to three years.