BIP-110 Fork Falls Short as Bitcoin Network Remains Unbroken
A planned Bitcoin fork based on BIP-110 stalled after mining just two blocks in about eight hours. The breakaway chain, launched at block 961,632, inherited Bitcoin's difficulty setting and would need roughly 350 days to reach its next adjustment.
The fork aimed to change how Bitcoin handles certain types of data by temporarily blocking ways of embedding images, text, and other non-financial data into transactions. However, it failed to gain significant support, with only 2.53% of recent blocks signaling backing for BIP-110.
This is far below the 55% needed for the change to activate without splitting the network. Michael Saylor and Jameson Lopp both publicly criticized the fork and its supporters, with Saylor stating that 'about 99.85% of Bitcoin's hashpower stayed with Bitcoin'.