Bitcoin Network Braces for Controversial Upgrade Amid Limited Support
A contentious proposal called BIP-110 could soon activate on the Bitcoin network, despite only limited support from miners. The proposed one-year soft fork aims to limit non-payment data in transactions and reduce blockchain bloat.
BIP-110 targets uses like Ordinals, BRC-20 tokens, and large OP_RETURN data that take up block space without transferring BTC. It was written by pseudonymous developer Dathon Ohm with technical input from Luke Dashjr.
The upgrade's activation method has sparked controversy, as it lowers the threshold to 55% miner approval instead of the traditional 95%. If this target isn't reached, nodes running the software would begin rejecting blocks from miners that don't signal support.
Support for BIP-110 remains low, with fewer than 1% of mined blocks signaling for it until August. The Ocean mining pool's decision to enable signaling by default temporarily boosted support to around 2-3%, still short of the activation target.