Crypto
BIP-110 Signals Weak Support as Bitcoin Network Divided
Bitcoin's BIP-110 signaling phase began at block 961,632 on Saturday, but miner support remains below 3%, far short of the 55% threshold required for activation.
The proposal aims to curb non-financial data on the blockchain through a soft fork, but critics warn that it could split Bitcoin and cause nodes to reject valid transactions.
Skeptics like Michael Saylor and Adam Back have voiced concerns about the plan's potential consequences, while proponents point to the 2017 activation of SegWit as historical precedent.