BIP-110 Fork Stagnant for Days, Estimated to Take 6.3 Years to Adjust

A breakaway Bitcoin chain, created by the BIP-110 fork, is struggling to attract miners and has been stagnant for days. The chain, which split from Bitcoin on Saturday, has not produced a new block since its second one, while Bitcoin has moved forward with its own chain. This means that the fork is now 326 blocks behind BTC.

The BIP-110 proposal aimed to stop non-payment data from being stored in Bitcoin transactions for a year, but it failed to gain enough support from miners, who needed to agree and mark their blocks with the proposal's agreement. As a result, computers running on BIP-110 software started rejecting blocks that did not carry this mark, effectively creating a separate chain.

However, this new chain is facing significant challenges as it requires its own miners to produce blocks at a pace of about 10 minutes per block. Unfortunately for the fork, mining costs are exactly the same as for Bitcoin's main chain, and since there are no buyers or market for the coin, the fork cannot make adjustments to ease its mining process.

The longer the fork remains stagnant, the further away its escape becomes. According to estimates, it will take approximately 6.3 years for the fork to complete 2,016 blocks at its current pace and adjust its difficulty level. This is an increase from the initial estimate of 350 days on Sunday.