Bitcoin Minority Fork Revived with Radical Block Size Cut

A minority fork of Bitcoin has been revived by supporters of BIP-110. This development comes after the proposal to increase block size was put on hold in 2015.

The new fork will reduce the block size from its current limit of 1 MB to just 300 KB, a move that has been met with skepticism by some members of the Bitcoin community.

Proponents of BIP-110 argue that reducing the block size will improve network congestion and make it easier for new users to join the network. However, critics have raised concerns about the potential impact on transaction fees and the overall health of the network.