Michael Saylor: BIP-110 Fails to Gain Miner Support, Likely to Stagnate

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Michael Saylor: BIP-110 Fails to Gain Miner Support, Likely to Stagnate. According to Chainthink, on August 8, Saylor stated that BIP-110 received only 2.6% miner signaling support. His nodes will reject non-signaling blocks at block 961,632. BIP-110 may stagnate or become irrelevant. Bitcoin will continue operating normally. The proposal introduces seven new consensus rules over one year, including restrictions on script public keys and witness size limits. Traders should monitor altcoins, as support levels for key upgrades remain unclear.

ChainThink reports that on August 8, Strategy founder Michael Saylor posted that BIP-110 received only 2.6% miner signaling support and failed to gain broad backing.

Saylor stated that at block 961,632, his node will reject non-signaling blocks; after that, BIP-110 will stall or fork into irrelevance, and Bitcoin will continue to operate normally.

BIP-110 is a temporary soft fork proposal that plans to introduce seven consensus restrictions over a one-year validity period, including limits on the length of new script public keys, partial push data and witness item sizes, and disabling certain Taproot extended paths, to reduce the amount of arbitrary non-payment data that can be embedded in transactions.

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