BIP-110 Signals Weak Support as Miners Hold Back
Bitcoin Improvement Proposal (BIP)-110 has entered its mandatory-signaling phase, but it's not gaining much traction. At block 961,632, nodes enforcing BIP-110 started rejecting blocks that didn't signal support for the proposal. However, this only happened in 51 out of the previous 2,016 blocks, which is just 2.53%.
This is below the required threshold of 55% needed to activate the proposal early. The low signaling rate makes it unlikely that a sustained rival chain will emerge without more miner participation. A minority BIP-110 branch has emerged but is already falling behind the dominant chain.
The proposal, written by pseudonymous developer Dathon Ohm, aims to limit Bitcoin data for about a year. It would restrict most new output scripts to 34 bytes and cap OP_RETURN outputs at 83 bytes. Some critics argue that this could divide the network and cause nodes to reject transactions allowed under existing rules.
The proposal's deployment schedule sets blocks 961,632 through 963,647 as a mandatory-signaling window. If it reaches its locked-in state, blocks will be rejected if they don't carry the signal. Transaction restrictions won't take effect until block 965,664.