Bitcoin Forks Amid BIP-110 Proposal Stalemate

A Bitcoin fork has occurred due to the BIP-110 proposal, which aims to limit non-financial data writes in transactions. The proposed rule change requires at least 55% of miners to signal support within a two-week period of 2,016 blocks.

However, previous periods only saw support from 51 blocks, accounting for just 2.53%. As a result, nodes supporting the proposal rejected blocks that did not contain a signal of support at height 961,632.

The Bitcoin main chain has advanced to block 961,651, while the BIP-110 fork chain is currently 18 blocks behind, having only reached block 961,633. To continue advancing, the BIP-110 chain needs more miner support and must reach block 963,648 to lock in the rules.