PANews, August 9: According to The Block, a small subset of Bitcoin nodes supporting BIP-110 forked off from the main network at block height 961,632, creating a separate chain supported by only a minor portion of the main network’s hash power. While the main Bitcoin blockchain continues to produce blocks normally, the BIP-110 chain has so far generated only two new blocks and is now 20 blocks behind the main chain. BIP-110 is a one-year proposal that restricts the writing of non-financial data—such as ordinals—on Bitcoin. The proposal has sparked debate over how Bitcoin block space should be used. Over the past two weeks, only 2.53% of blocks have signaled support for BIP-110, far below the 55% threshold required for activation.
Bitcoin BIP-110 Proposal Triggers Chain Fork; Supporting Chain Falls 20 Blocks Behind
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Summary
Bitcoin news: A small group of nodes supporting the BIP-110 proposal has forked the mainnet at block height 961,632. The BIP-110 chain has mined only two blocks and is currently 20 blocks behind. The proposal restricts non-financial data on the blockchain, sparking debates on-chain. Only 2.53% of blocks over the past two weeks have signaled support, falling below the 55% activation threshold.
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