According to CoinMeta, Layertwo Labs has announced that the ECX hard fork of Bitcoin is about to begin. Users holding Bitcoin will receive a balance that corresponds to the new asset eCash ( ECX ). The hard fork will be carried out in three phases, with the release of version alpha expected to occur around block height 963,648 of Bitcoin. This project was founded and led by a long-time Bitcoin developer known as Paul Sztorc, who is also referred to as Truthcoin.