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Prominent Bitcoin developer Paul Sztorc, the architect behind BIP-300 and drivechain technology, has announced a hard fork of the Bitcoin network to launch a new cryptocurrency called eCash. The project plans to introduce a competing layer-1 blockchain supported by seven dedicated layer-2 scaling networks. In a controversial move, Sztorc revealed plans to manually reassign a portion of Satoshi Nakamoto's original dormant Bitcoin holdings to new project investors. This redistribution strategy aims to bootstrap the new ecosystem but has sparked significant debate regarding its impact on the principles of decentralization. Analysts are closely monitoring how this development will affect BTC market dominance and investor sentiment. This update marks a contentious shift in the ongoing evolution of blockchain scaling solutions.
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