Bitcoin Knots Abandons Stalled Fork, Switches to New Proof-of-Work Algorithm

The Bitcoin Knots network has announced plans to switch to a new proof-of-work algorithm for its stalled BIP-110 chain after a minority fork failed to gain traction. The move follows a governance confrontation over Bitcoin's block policy, which has highlighted the risks associated with crypto network instability.

The minority fork, which aimed to enforce the BIP-110 protocol, produced only two blocks before stalling. This signals that the fork has failed and that the main Bitcoin network continues to produce blocks normally.

Bitcoin Knots' decision to switch to a new proof-of-work algorithm is seen as an escalation of the governance confrontation over Bitcoin's block policy. The move highlights the risks associated with crypto network instability, particularly when minority forks fail to gain traction.