ECX is set to roll out in three stages tied to specific Bitcoin block heights, with its permanent mainnet scheduled for Oct. 31 at block 973728. The project is being led by Paul Sztorc, founder and head of Layertwo Labs and a developer known for Drivechains and BIP-300/301. According to the disclosed plan, ECX will replicate the transaction ledger from a designated Bitcoin snapshot and distribute ECX on a 1:1 basis to most Bitcoin holders on the new network. Users who control their own private keys through self-custody wallets will be able to claim the corresponding allocation directly. Those holding BTC on exchanges or with other custodians will need to wait for those platforms to decide whether they will support the fork and distribute ECX. The original BTC will not be converted, locked, or moved. ECX also plans to launch seven dedicated sidechains at the outset: Thunder, Zside, Bitnames, Bitassets, Photon, Truthcoin, and Coinshift. Of the roughly 1.1 million early Bitcoin tied to addresses associated with Satoshi Nakamoto, about 600,000 ECX will remain assigned to those addresses, while around 500,000 ECX will be redirected through a special transaction for early investors and development funding, without affecting BTC on the Bitcoin network.
ECX plans a three-stage rollout, starting with an Alpha phase near Bitcoin block height 963648. A Beta phase is expected on Sept. 20 at block 967680, and the permanent mainnet is scheduled to go live on Oct. 31 at block 973728.
The project is being advanced by Paul Sztorc, founder and head of Layertwo Labs and a developer behind Drivechains and BIP-300/301. Under the plan, ECX will duplicate the transaction ledger from a designated Bitcoin snapshot and distribute ECX on a 1:1 basis to most Bitcoin holders on the new network.
How the distribution will work
Users who control their private keys in self-custody wallets at the time of the snapshot will be able to receive the corresponding assets directly. Users holding BTC on exchanges or with other custodians will need to wait for those platforms to decide whether they will support the fork and distribute ECX. Existing BTC will not be exchanged, locked, or transferred.
Initial sidechain lineup
At launch, ECX plans to introduce seven dedicated sidechains: Thunder, Zside, Bitnames, Bitassets, Photon, Truthcoin, and Coinshift.
Allocation tied to early Bitcoin addresses
Among roughly 1.1 million early Bitcoin linked to addresses associated with Satoshi Nakamoto, about 600,000 ECX will remain allocated to those addresses. Another roughly 500,000 ECX will be reassigned through a special transaction for early investor and development funding, without affecting BTC on the Bitcoin network.
The information was reported by Bitcoin.com News and republished by Odaily.
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