Bitcoin's BIP-110 Fork Falters: Minority Branch Struggles to Gain Momentum

A temporary soft fork called BIP-110 aimed to limit non-financial data recorded on Bitcoin, but its execution has been lackluster. The fork caused a split at block 961,632, resulting in two parallel chains: one with the vast majority of miners and users, and another with nodes compatible with BIP-110.

The dominant chain continued to operate normally, while the minority branch struggled to produce its own blocks due to a lack of computing power. In the first eight hours, the BIP-110 branch produced only two blocks compared to 48 on the main chain.

Only 51 out of 2,016 blocks in the previous period signaled BIP-110, representing just 2.53% of the total. This rate does not accurately measure computing power engaged on the minority branch, but it gives an idea of the balance of power before the split.