Bitcoin Fork ECX, Created by Paul Sztorc, Surpasses 25,000 Blocks in Just 13 Hours
The ECX Bitcoin fork, created by Drivechain developer Paul Sztorc, launched its alpha phase at Bitcoin block height 963,648. Remarkably, the network surpassed 25,000 blocks in just 13 hours due to its initial difficulty being set to 1, mirroring Bitcoin's 2009 launch. By Sunday morning, August 23, the difficulty had already skyrocketed to 16.78 million after several adjustments, with miners contributing a hashrate of 3.53 PH/s to the chain. This level of support from multiple mining pools starkly contrasts with the failed BIP-110 event earlier in the month, which lacked miner backing.
While ECX has attracted real mining power and has a small number of wallets, the ecash (ECX) token currently has no established market value and is not yet listed on exchanges. Its economic viability will face a significant test after the initial mining surge subsides and block rewards diminish, especially during the long wait until the network's final phase is scheduled for launch on October 31, 2026. The early activity demonstrates technical feasibility, but sustained growth will depend on whether it can maintain miner interest and attract listings from wallets and exchanges in the absence of a tradable price.
cryptonews.ru3h ago
