đš #BIP110ForkSignalingExpectedThisWeekend
$BTC
Bitcoin hasn't had a consensus rule change since Taproot (Nov 2021). That changes this weekend â BIP-110's mandatory signaling window opens at block 961,632, with miner support at just 2.6%.
đ What it does: Restricts arbitrary data (Ordinals, BRC-20, Runes) in Bitcoin transactions for ~1 year, capping data pushes at 256 bytes.
â ïž 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.
đ For institutional holders: BlackRock's IBIT ETF ($44.95B) will NOT claim any forked assets â only self-custody holders get that option.
đ My take: This is a genuine test of Bitcoin's governance process, regardless of the outcome.
â ïž Not financial advice. DYOR.
đ 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 â BIP-110's mandatory signaling window opens at block 961,632, with miner support at just 2.6%.
đ What it does: Restricts arbitrary data (Ordinals, BRC-20, Runes) in Bitcoin transactions for ~1 year, capping data pushes at 256 bytes.
â ïž 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.
đ For institutional holders: BlackRock's IBIT ETF ($44.95B) will NOT claim any forked assets â only self-custody holders get that option.
đ My take: This is a genuine test of Bitcoin's governance process, regardless of the outcome.
â ïž Not financial advice. DYOR.
đ New to Binance? Join: https://www.binance.com/register?ref=779682229
#bitcoin #BTC #BIP110 #BinanceSquare
