BIP-110 Showdown: Bitcoin's Rules Under Scrutiny in Live Test
A proposed change to Bitcoin's rules, known as BIP-110, is set to be tested at block 961632 on Saturday morning. This change aims to restrict non-financial data embedded in the blockchain, which supporters claim would curb 'spam' and steer the protocol back to its original purpose of moving money.
However, support for BIP-110 remains scarce with less than 50 blocks left before mandatory signaling begins, and signaling sits at just 2.6% at press time.
To track the event in real-time, several websites are providing a front-row seat to the action. These include Fork.observer, BIP110.org/monitor, Forkwatch.tv, Mempool.kilombino.com, Forkmonitor.info, Miningpool.observer, and Wickedsmartbitcoin.com/bip110_signaling.
Michael Saylor, a critic of BIP-110, has weighed in on the subject, stating that with only 2.6% miner signaling, 'BIP-110 has failed to earn broad miner support.' He predicts that at block 961632, its nodes will reject non-signaling blocks, causing BIP-110 to either stall or fork into irrelevance while Bitcoin continues normally.