BIP-110 Fork Lags Behind Main Bitcoin Chain, Supporters Explore New Mining Algorithm
The BIP-110 fork on Bitcoin has created its own blocks, but it's struggling to keep pace with the main BTC chain. According to data, the Roughnecks mining pool, which supports BIP-110, managed to produce only two blocks (961,632 and 961,633) during a recent divergence that occurred after block 961,632. Meanwhile, the Bitcoin mainchain progressed to block 961,651, surpassing the BIP-110 chain by 18 blocks.
The mining difficulty adjustment to 127.48 T in this period may have contributed to the issue, as it slowed down block production time. Matthew Kratter, a supporter of BIP-110, acknowledged that a significant increase in hash power would be necessary for the minority chain to catch up with and surpass the main BTC chain.
Some BIP-110 supporters are now exploring the option of switching to a different proof-of-work mining algorithm to improve the sustainability of their current chain. This proposal has been contentious, aiming to restrict certain transaction and data usage patterns on the Bitcoin network.