ECX plans to launch the main network on October 31. Most Bitcoin holders can get ECX at 1:1

Comparatively, ECX plans to launch in three stages. The alpha phase will be launched around the Bitcoin block height of 963648. The beta phase is expected to take place on September 20 with a block height of 967680, and the permanent main network is scheduled to be launched on October 31 with a block height of 973728. The project was driven by Drivechains, founder and head of Layertwo Labs, and Paul Sztorc, developer of BIP-300/301.

ECX will copy the transaction ledger of the specified snapshot of Bitcoin and distribute ECX to most Bitcoin holders on the new network on a 1:1 basis. During the snapshot, users who control the private key through a self-hosted wallet can directly obtain the corresponding assets. Users of exchanges and other custodian institutions need to wait for the relevant platform to decide whether to support forking and distributing ECX, and the original BTC will not be exchanged, locked, or transferred. ECX plans to initially launch seven dedicated sidechains: Thunder, Zside, Bitnames, Bitassets, Photon, Truthcoin, and Coinshift. Of the approximately 1.1 million early Bitcoin corresponding addresses associated with Satoshi Nakamoto, about 600,000 ECX will continue to be distributed to these addresses, and about 500,000 ECX will be transferred to early investors and development funds through special transactions, but BTC on the Bitcoin network will not be affected.