ECX has outlined a three-stage launch plan tied to specific Bitcoin block heights, with Alpha expected near block 963648, Beta planned for Sept. 20 at block 967680, and the permanent mainnet scheduled for 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. According to the announcement cited by ChainCatcher, 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 holding their own private keys in self-custody wallets will be able to access the corresponding assets directly, while exchange users and others relying on custodians will need to wait for those platforms to decide whether to 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.
ECX will roll out in three phases, according to a ChainCatcher report. The Alpha phase is expected to go live near Bitcoin block height 963648. The Beta phase is scheduled for Sept. 20 at block height 967680, and the permanent mainnet is planned for Oct. 31 at block height 973728.
The project is being pushed forward by Paul Sztorc, founder and head of Layertwo Labs, and a developer of Drivechains and BIP-300/301. ECX will copy 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 private keys through self-custody wallets at the time of the snapshot will be able to claim the corresponding assets directly. Users on exchanges and other custodial platforms will need to wait for those platforms to decide whether they will support the fork and distribute ECX. Existing BTC will not be converted, locked, or transferred.
At launch, ECX plans to introduce seven dedicated sidechains: Thunder, Zside, Bitnames, Bitassets, Photon, Truthcoin, and Coinshift.
Of the roughly 1.1 million early Bitcoin linked to addresses associated with Satoshi Nakamoto, about 600,000 ECX will continue to be assigned to those addresses. Another roughly 500,000 ECX will be redirected through a special transaction for early investors and development funding, without affecting BTC on the Bitcoin network.
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