BIP-110 Fork Fizzles: Bitcoin Miners Overwhelmingly Reject Non-Financial Data Restrictions

A recent attempt to fork Bitcoin's blockchain over non-financial data has failed to gain traction. The BIP-110 minority chain holds only 0.15% of total hashpower, with just two blocks mined since the split. This leaves the main chain with roughly 99.85% of hashing power.

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

Michael Saylor, executive chairman of MicroStrategy, noted that at its current block production rate, it could take roughly 25 years for the BIP-110 chain to reach its first difficulty adjustment. This highlights how futile the effort has become, as difficulty adjustments are designed to keep block times near 10 minutes.