ECash, a Bitcoin hard fork developed by LayerTwo Labs, a US-based Bitcoin development company, launched its mainnet on October 29 with a Drivechain design that let developers build sidechains on eCash without changing Bitcoin’s existing protocol.

The network went live with five sidechains focused on payments, privacy, digital assets, identity, and prediction markets. LayerTwo Labs said two more sidechains were in development.

The fork also created ECX, eCash’s native cryptocurrency.

LayerTwo Labs said Bitcoin holders at the fork snapshot received matching ECX balances at a 1:1 ratio, and self-custodying users could use coin-splitting tools in the eCash mobile wallet to separate their BTC and ECX holdings.

🔗 Source: LayerTwo Labs