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Moon Hunter
The most interesting thing about this eCash fork is not the 1:1 distribution of ECX to BTC holders
but that on the day of the fork, 7 sidechains launched simultaneously
It's been a long time since I've seen a BTC project launch 7 sidechains at once
It's a bit like taking all the things that have been debated about Bitcoin for years but the mainnet has never dared to touch, and throwing them all onto sidechains for real-world testing
It's similar to Zcash's privacy sidechain, making coins more untraceable and more fungible
If this were on the BTC L1, it would definitely cause a huge uproar, but putting it on sidechains makes a lot of sense
You can use it if you want, and if you don't, it doesn't affect the mainnet
It's a bit like the L2s released by ETH
Also, there's Truthcoin
A decentralized prediction market that ultimately settles within the Bitcoin system
It's the first time I've seen a prediction market settled on BTC
Prediction markets have been popular these years, but the biggest problem is settlement trust and asset base
If you can run it on BTC ecosystem sidechains, the narrative is indeed significant
I think what eCash wants to say is not about creating another new chain
It's more like answering an old question:
Bitcoin doesn't want to change, so can high-throughput payments, privacy, identity, asset issuance, prediction markets, DEX, post-quantum resistance, and these things all run on sidechains?
The mainnet remains stable, sidechains handle trial and error
I don't know if this narrative can reach the height of ETH L2, but if it can, the crypto world will have a new story to play with
@BTCdrivechains @Truthcoin
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