Bitcoin Developer's Plan to Create eCash Hard Fork Sparks Controversy Over Satoshi Coins

Veteran Bitcoin developer Paul Sztorc has unveiled a plan to create a new version of Bitcoin, called eCash, through a hard fork in August 2026. The proposal involves copying Bitcoin's code and giving existing holders equivalent tokens in the new network. However, the community is objecting to the plan's funding mechanism, which involves reassigning coins linked to Satoshi Nakamoto's addresses. A hard fork is a split in a blockchain, resulting in two separate chains with different rules and features. Sztorc's proposal includes the addition of Drivechains, a scaling architecture that allows for seamless movement of tokens between the main chain and sidechains. The plan has been met with criticism, with some calling it theft and expressing concerns about the precedent it sets. The eCash hard fork is scheduled to take place at Bitcoin block height 964,000 in August 2026, and a coin-splitter tool will be released to help holders separate their BTC from their new eCash tokens. The new chain will be a near-copy of Bitcoin's existing blockchain, with the addition of Drivechains. Sztorc argues that the plan is necessary to bring investors on board and ensure the project's success, but the community remains divided.