BIP-110 Bitcoin Hard Fork Chain Confirms BLAKE2b as New POW Algorithm

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Bitcoin hard fork news: Luke Dashjr has finalized BLAKE2b as the new proof-of-work (PoW) algorithm for the BIP-110 hard fork chain, replacing SHA-256d. The change favors general-purpose CPU and GPU mining and reduces the advantage of existing Bitcoin ASICs. The BIP-110 hard fork was originally scheduled for September 1, aiming to create a new chain and tokens. Dashjr has since been removed from the Bitcoin BIP editorial team. Bitcoin news continues to evolve with this development.

Odaily Planet Daily reports that Luke Dashjr has randomly determined that BLAKE2b will serve as the new proof-of-work algorithm for the BIP-110 chain, replacing Bitcoin’s current SHA-256d algorithm. Compared to SHA-256d, BLAKE2b is better suited for mining with general-purpose CPUs and GPUs, is more CPU-friendly, and reduces the advantage of existing Bitcoin ASIC miners.

Previously, Luke Dashjr planned to implement BIP-110 as a hard fork on September 1, creating a separate blockchain and a new token distinct from Bitcoin. Luke Dashjr has had his Bitcoin BIP editor privileges revoked by the Bitcoin BIP editorial team.

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