The arduous fork will introduce a brand new, competing layer-1 blockchain and 7 layer-2 scaling networks, in response to Sztorc’s announcement.
Bitcoin developer Paul Sztorc introduced on Friday {that a} new arduous fork of the Bitcoin community known as eCash might be deployed in August.
Bitcoin holders will be capable of alternate their BTC for eCash at a 1:1 ratio as soon as the arduous fork is stay, Sztorc stated in an X publish.
He added that the layer-1 node software program for the chain might be a “near-copy” of the BTC Core consumer software program and can use the SHA-256 hashing algorithm utilized by the Bitcoin blockchain, with a lowered preliminary mining issue to make it simpler for individuals to mine blocks.
Supply: Paul Sztorc
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