Bitcoin developer Paul Sztorc has announced the creation of a new Bitcoin hard fork named "eCash," set to launch in August. Bitcoin holders will receive eCash at a 1:1 ratio. The project maintains compatibility with Bitcoin Core's L1 code and will activate BIP300/301 through CUSF, introducing seven Drivechain layer-two networks supporting merged mining. Sztorc emphasized that unlike the 2017 BCH fork, eCash does not include "Bitcoin" in its name and has issued a four-month advance notice. The team will provide a token splitting tool to replay all initial transactions.