The eCash Alpha, Days 4 to 15: Doldrums, Orphan Blocks, and the Week the Old World Cracked
September 7, 2026
The second stretch of the eCash alpha: a hashrate hangover, the first production incident, the first community drivechains activated under proof of work, the first withdrawal bundle, pECX price discovery, and a $320 million lesson from Liquid about why federations are not the answer.