BIP-110 Fork Falls Flat as Miners Ignore Proposal

The Bitcoin fork BIP-110 has failed to gain traction, attracting only 0.15% of the network's total hashpower.

This is according to a market update from WuBlockchain, which shows that the minority chain has mined just two blocks since the split.

Michael Saylor, executive chairman of MicroStrategy and a prominent Bitcoin advocate, noted that at this rate, it could take around 25 years for the BIP-110 chain to reach its first difficulty adjustment.

The fork aimed to temporarily restrict data like Ordinal inscriptions and BRC-20 tokens, which some see as spam. However, miners overwhelmingly ignored the proposal, leaving the BIP-110 chain over 80 blocks behind the main chain.