eCash plans to fork Bitcoin in late October and distribute matching ECX to every BTC holder, with existing BTC left untouched. The project proposes seven dedicated sidechains for on-chain applications.
Why it matters
Bitcoin's base chain does not provide the application features eCash is targeting. The fork aims to extend Bitcoin-linked use cases to prediction markets, private payments and token issuance through separate sidechains.
Market impact
BTC holders are set to receive matching ECX at the fork, while retaining their Bitcoin. The proposal's impact will depend on whether developers and users adopt the new sidechains and the applications built on them.
Source: [source](http://telegraph.controller.bot/files/8336652911/AgACAgIAAxkBAAJUFGrFFeqfDTMorbniGMiKHs-DojJ8AAIgHmsb_L8pSi0UjSLAJo6rAQADAgADeQADPQQ?sig=7glinkanWBynyu1REJH-c1LjCAgsUAQEpw4IEksRct0)
Frequently asked questions
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What does the eCash Bitcoin fork plan to distribute to BTC holders?
Every BTC holder is set to receive matching ECX at the fork, while their BTC remains untouched.
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How many sidechains does eCash propose?
The project proposes seven dedicated sidechains for on-chain applications.
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What applications are the eCash sidechains intended to support?
The proposed uses include prediction markets, private payments and token issuance.
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Does the planned fork change holders' BTC?
No. The seed says holders' BTC stays untouched while they receive matching ECX.
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What will determine whether eCash's proposal has an impact?
Its impact will depend on whether users and developers adopt the sidechains and the applications built on them.
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