Around August 7, BIP-110 entered the mandatory signaling period. This proposal aims to temporarily (approximately one year) restrict on-chain data inscription, targeting artifacts such as ordinals and BRC-20 tokens. Currently, miner signaling stands at only 0.98%, far below the 55% threshold, with Ocean being the primary contributor. However, the mechanism is designed aggressively: after block 961,632, nodes running BIP-110 software will outright reject non-compliant blocks—regardless of support levels—similar to the UASF approach in the past. The opposition includes a stellar lineup: Core developers, Saylor, Adam Back, Lopp, and David Bailey, who directly labeled it a "hostile takeover attempt" that has already failed. On the node side, support is largely limited to Knots, accounting for only a low single-digit percentage. A meaningful minority chain is unlikely to emerge—much ado about nothing. However, if a brief reorganization occurs in early August, exchanges may temporarily increase confirmation requirements—users with large deposits or withdrawals during that period should consider timing their transactions accordingly.
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