🚨 #BIP110ForkSignalingExpectedThisWeekend
$BTC
Bitcoin hasn't had a consensus rule change since Taproot (Nov 2021). That changes this weekend — BIP-110's mandatory signaling window opens at block 961,632, with miner support at just 2.6%.
🔍 What it does: Restricts arbitrary data (Ordinals, BRC-20, Runes) in Bitcoin transactions for ~1 year, capping data pushes at 256 bytes.
⚠️ Real chain-split risk: Critics like Adam Back and Jameson Lopp call it censorship. With signaling stuck at 2.6% (needs 55%), a small breakaway chain is the likelier outcome.
📊 For institutional holders: BlackRock's IBIT ETF ($44.95B) will NOT claim any forked assets — only self-custody holders get that option.
📌 My take: This is a genuine test of Bitcoin's governance process, regardless of the outcome.
⚠️ Not financial advice. DYOR.
📌 New to Binance? Join: https://www.binance.com/register?ref=779682229
#bitcoin #BTC #BIP110 #BinanceSquare
$BTC
Bitcoin hasn't had a consensus rule change since Taproot (Nov 2021). That changes this weekend — BIP-110's mandatory signaling window opens at block 961,632, with miner support at just 2.6%.
🔍 What it does: Restricts arbitrary data (Ordinals, BRC-20, Runes) in Bitcoin transactions for ~1 year, capping data pushes at 256 bytes.
⚠️ Real chain-split risk: Critics like Adam Back and Jameson Lopp call it censorship. With signaling stuck at 2.6% (needs 55%), a small breakaway chain is the likelier outcome.
📊 For institutional holders: BlackRock's IBIT ETF ($44.95B) will NOT claim any forked assets — only self-custody holders get that option.
📌 My take: This is a genuine test of Bitcoin's governance process, regardless of the outcome.
⚠️ Not financial advice. DYOR.
📌 New to Binance? Join: https://www.binance.com/register?ref=779682229
#bitcoin #BTC #BIP110 #BinanceSquare