BIP-110 Fork Struggles to Gain Traction with Meager Hashpower

A recent fork of Bitcoin, known as BIP-110, has struggled to gain traction. Despite emerging after developers proposed temporary limits on non-financial data embedded in Bitcoin transactions, the minority chain holds just 0.15% of Bitcoin's total network hashpower.

According to Strategy chairman Michael Saylor, nearly all mining power stayed loyal to the original chain, with about 99.85% of Bitcoin's hashpower staying with Bitcoin after the split occurred.

The BIP-110 fork has mined only two blocks so far and trails the main Bitcoin chain by over 80 blocks.

Saylor noted that at its current pace, the BIP-110 fork needs 25 years to reach its first difficulty adjustment, a stark contrast to Bitcoin's standard two-week adjustment cycle.