Bitcoin BIP-110 Stalls at Launch, Majority Chain Remains Unchanged
A new Bitcoin soft fork, BIP-110, has failed to gain traction and activate on the main blockchain. The proposal aimed to block certain types of data from being stored on the blockchain for one year, including images, text, and Ordinals-style inscriptions. Despite reaching only 2.53% support, some community members still back the new fork.
The BIP-110 chain mined just two blocks before stalling, while the main blockchain continued to run smoothly. The minority chain is now 57 blocks behind the main one, with roughly 99.85% of Bitcoin's total hashpower remaining on the original blockchain.
According to supporters, the new fork would need a significant shift in mining power and possibly even a change in proof-of-work algorithm to catch up. Some are discussing this possibility as an alternative to continuing with BIP-110.