ME News reports that on August 7 (UTC+8), the controversial Bitcoin proposal BIP-110 is set to enter its mandatory signaling phase, expected to begin around August 9. If ultimately activated, it will take effect at block height 965,664, approximately four weeks later. The proposal aims to temporarily tighten Bitcoin’s consensus rules to restrict the use of inscription technologies such as Ordinals and Runes; however, current public signaling support from mining pools is below 3%, far below the typical 55% approval threshold. Supporters argue that Bitcoin’s governance resides with nodes, not miners, and that the User-Activated Soft Fork (UASF) mechanism allows node operators to enforce new rules starting from a predetermined block height without requiring miner support—a logic followed during the activation of SegWit in 2017. Opponents contend that the lack of miner support indicates the proposal has essentially failed, with industry figures such as Michael Saylor and Adam Back publicly opposing it. Some pure Bitcoin exchanges plan to suspend deposits and withdrawals during the activation window to mitigate potential chain-split risks. (Source: Foresight News)
Bitcoin BIP-110 Proposal Lacks Miner Support, Below 55% Threshold
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Summary
Bitcoin breaking news: The BIP-110 proposal faces minimal miner support, with signaling below 3% as of August 7. The mandatory signaling period is expected to begin around August 9, with activation at block height 965,664. The proposal aims to limit Ordinals and Runes inscriptions. Supporters advocate a UASF approach, citing node governance. Opponents, including Michael Saylor and Adam Back, argue it lacks sufficient miner backing. Some Bitcoin exchanges may suspend transactions during the activation window. Bitcoin news continues to develop as the community monitors further updates.
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