Bitcoin Knots lays out plan to select new Proof-of-Work algorithm after BIP-110 implementation fails
- Bitcoin Knots has announced a plan to choose a new Proof-of-Work algorithm for the stalled BIP-110 chain, after it has only generated 2 blocks, and also warned users not to switch to software that weakens consensus rules.
- The BIP-110 fork, which currently only has 2.5% support, has run into serious issues in creating blocks, while the main Bitcoin network continues to operate normally.
- Disagreements within the community over the legitimacy of BIP-110 continue; some miners temporarily pause operations, while other parties resume them, and Bitcoin’s price remains relatively stable despite fluctuations.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
- Bitcoin Knots has announced a plan to choose a new Proof-of-Work algorithm for the stalled BIP-110 chain, after it has only generated 2 blocks, and also warned users not to switch to software that weakens consensus rules.
- The BIP-110 fork, which currently only has 2.5% support, has run into serious issues in creating blocks, while the main Bitcoin network continues to operate normally.
- Disagreements within the community over the legitimacy of BIP-110 continue; some miners temporarily pause operations, while other parties resume them, and Bitcoin’s price remains relatively stable despite fluctuations.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto