eCash bitcoin hard fork to begin Aug. 23 in three stages

The planned launch of the Bitcoin hard fork eCash will start on Aug. 23 using a three-stage rollout instead of a single switch, a change outlined by Paul Sztorc, co-founder and chief executive officer of LayerTwo Labs and a longtime advocate of drivechains (a proposal for Bitcoin-linked sidechains). The move marks a procedural change to how the fork is set to go live rather than an all-at-once transition. The report also says GMO Coin has warned it will partially suspend BTC trading in connection with the event. Sztorc is known as a proponent of drivechains under BIP-300/301, which are proposals designed to let Bitcoin interact with sidechains while keeping activity tied to the main network.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.