Why Bitcoin's BIP-110 refuses to die despite near-zero miner support
Bitcoin Improvement Proposal (BIP)-110 is facing near-total rejection from the network's miners as it approaches its mandatory signaling period. Despite the lack of support, proponents are encouraging node operators to adopt the rule change independently to challenge the current network implementation.
Why it matters
The situation illustrates the ongoing tension between node operators and miners regarding governance and the definition of Bitcoin's core rules.
Bitcoin is approaching a rare test this weekend, with a small group of nodes is preparing to reject blocks produced by almost all of the network’s miners.
The Bitcoin Improvement Proposal (BIP)-110, a controversial proposal to temporarily restrict how much non-payment data can be stored on the Bitcoin blockchain, approaches its long-planned mandatory signalling period, expected to be sometime on Aug. 9. The actual activation, if it takes place, would follow at block 965,664, estimated around four weeks later.
Its ordinary 55% approval threshold is already out of reach.
Nodes are computers running Bitcoin software that independently check transactions and blocks against the network’s rules, rejecting anything they consider invalid. Miners create new blocks, while nodes decide whether to accept them.
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