Gate News message, April 27 — Developer Paul Sztorc has proposed a Bitcoin hard fork scheduled for August 2026 at block height 964,000 to create a new blockchain called eCash, according to CoinDesk. The fork will distribute eCash to users holding BTC at a 1:1 ratio and introduce Drivechains sidechain architecture on the new network.
The proposal has sparked controversy over plans to pre-allocate a portion of eCash corresponding to Satoshi Nakamoto’s address to early investors. Critics have accused the plan of “stealing” tokens, raising concerns within the community about the legitimacy of the allocation scheme.
Sztorc defended the initiative, stating it aims to provide incentives for development and collaboration before the project’s launch. The allocation strategy remains a key point of contention as the community debates the proposal’s implications for Bitcoin’s decentralized ethos.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Machi Big Brother Holds $86M in BTC and ETH, Down $73.44M Over Past 6 Months
Gate News message, April 27 — According to Arkham monitoring, Machi Big Brother (Huang Lixing) is currently holding $44.2 million in BTC and $41.8 million in ETH long positions on-chain, totaling $86 million.
Over the past six months, the investor has incurred trading losses of $73.44 million in
GateNews27m ago
BTC Slides After Trump Cancels Iran Trip — What Really Happened?
Bitcoin fell below $78,000 after the U.S. Iran-related diplomatic trip announcement was canceled.
Price drop linked to geopolitical uncertainty, reduced volume, and short-term trader reaction.
Strong ETF inflows and institutional demand continue supporting Bitcoin’s longer-term
CryptoNewsLand48m ago
VanEck: Bitcoin Bullish Signals Emerge Amid Funding Rate Dip
Fund management firm VanEck identified two strong bullish indicators for Bitcoin on April 24, according to analysis from the firm's digital assets analysts Patrick Bush and Matthew Sigel. The analysts highlighted Bitcoin's funding rate and declining hash rate as historically reliable signals
CryptoFrontier1h ago
Bitcoin Community Questions US Military Officials' Crypto Knowledge After Senate Testimony
Gate News message, April 27 — Admiral Samuel Paparo testified before the U.S. Senate and House on April 21 and April 22 that Bitcoin has cybersecurity value and that the U.S. military is already operating a node on the network. According to a House Armed Services Committee transcript released by
GateNews1h ago
SEC Chair Paul Atkins Makes History as First Sitting Commissioner to Address the Bitcoin Conference
SEC Chair Paul Atkins is set to deliver a fireside chat at the Bitcoin 2026 conference in Las Vegas on Monday, marking the first time a sitting U.S. securities regulator has spoken at the annual event.
Key Takeaways:
SEC Chair Paul Atkins is set to address the attendees of Bitcoin 2026 in Las Veg
Coinpedia1h ago
French Listed Company Capital B Increases Bitcoin Holdings by 6 BTC to 2,943 Total
Gate News message, April 27 — French listed company Capital B (ALCPB) announced it purchased 6 additional bitcoins for 400,000 euros, bringing its total Bitcoin holdings to 2,943 BTC.
The company's Bitcoin holdings have generated a year-to-date return
GateNews2h ago