Bitcoin BIP-110 Upgrade Stalls as Miner Support Remains Below 3%
What happened: Bitcoin's BIP-110 proposal entered its mandatory signaling phase at block 961,632, but miner support remains at just 2.
What happened: Bitcoin's BIP-110 proposal entered its mandatory signaling phase at block 961,632, but miner support remains at just 2.53%—far below the 55% threshold required for early activation. The proposal, authored by pseudonymous developer Dathon Ohm, would impose temporary restrictions on certain transaction types to discourage on-chain inscriptions. Key figures like Michael Saylor and Adam Back have warned that BIP-110 could split the network, and a hard-fork contingency exists but has not been scheduled.
Why it matters: The lack of miner support highlights deep divisions within the Bitcoin community over protocol changes. The proposal's restrictions are controversial, and the potential for a chain split or hard fork raises questions about Bitcoin's governance and upgrade path. With signaling so low, activation appears unlikely, but the debate underscores ongoing tensions between developers, miners, and users.
Source: Cointelegraph