Crypto
Bitcoin Split by Proposed Soft Fork Fails to Gain Mining Support
A proposed temporary soft fork in Bitcoin, known as BIP-110, has resulted in a split in the blockchain. The proposal aims to restrict certain uses of arbitrary data in transactions and requires a 55% threshold for activation.
The enforcing branch of BIP-110 reached block 961,633 before stalling, 57 blocks behind the dominant chain. As of August 9 at 11:00 am GMT, the dominant chain was at block 961,690, while the BIP-110 enforcing branch had not produced any new blocks in over eight hours.
The split occurred during the mandatory-signaling window, which will continue until August 14. If the proposal reaches the required threshold of 1,109 out of 2,016 blocks, it will become active and restrict certain transaction types.