BIP-110 Soft Fork Attempt Sparks Fears of Centralization on Bitcoin Network
Bitcoin reached block number 961,632 on BTC's blockchain as an attempted soft fork of BIP-110 began. The proposed upgrade aims to change how BTC transactions are verified and validated by nodes on the network.
The BIP-110 soft fork is a contentious issue among BTC developers, with some arguing that it would increase security and others claiming it could lead to centralization and decreased decentralization of the network.