Bitcoin Fork BIP-110 Fails to Gain Traction, Stalls After Two Blocks
A minority Bitcoin fork, BIP-110, mined only two blocks before stalling. The proposal aimed to reduce congestion and costs in Bitcoin transactions by limiting the storage of non-financial data within them.
The mandatory signaling window for BIP-110 opened at block 961,632 and ran through block 963,647. However, the fork failed to gain sufficient support from miners, with only around 2.6% signaling their backing.
Supporters of BIP-110 considered a contingency plan to switch to proof-of-work (PoW) if the soft fork failed, citing it as an 'escape route' from the miners' hash rate.
CoinDesk warned that both chains still accept identical transactions, which could lead to replay-style risks for sellers. This means that a buyer can rebroadcast a signed transaction to collect real BTC from the same seller.