$BTC On Saturday, BIP-110 supporters split from Bitcoin, creating a minority chain that has only produced two blocks in eight hours—while the main chain has advanced to block 961,681 vs. the fork’s 961,633 (a 48-block gap, equivalent to most of a day’s worth of normal activity). The fork began at block 961,632, when BIP-110 nodes started rejecting blocks that didn’t signal support for the proposal. No miner has shown clear intent to sustain the new chain.
BIP-110 aims to halt non-financial data storage (e.g., images, text) in Bitcoin transactions for one year. Supporters argue this practice clogs the network, raises costs for legitimate money transfers, and burdens the system with irrelevant data. The proposal is a temporary measure to keep transactions focused on payments.
BIP-110 aims to halt non-financial data storage (e.g., images, text) in Bitcoin transactions for one year. Supporters argue this practice clogs the network, raises costs for legitimate money transfers, and burdens the system with irrelevant data. The proposal is a temporary measure to keep transactions focused on payments.