According to Odaily, Bitcoin News posted on X that developer Luke Dashjr described the developers' meeting as 'going smoothly,' with the related plans now moving forward. The BIP-110 developer plan is scheduled for a hard fork on September 1, and it aims to change Bitcoin's current proof-of-work algorithm. Developers expect to reveal the chosen hash algorithm tomorrow, and the RTDS mechanism would be enabled beginning with the first block of the forked chain. Block size reduction and replay protection are also topics under discussion. This update arrives at a time when some reports say Dashjr is no longer a licensed user of the BIP content repository. If the plan is implemented, the proof-of-work algorithm change would create an independent blockchain, effectively forming a new altcoin. Existing BTC holders would then receive tokens on that forked chain. The exact hash algorithm and RTDS specifics have not yet been published as of this writing.
Bitcoin News said in a post on X that developer Luke Dashjr described the latest developers' meeting as going well, with the BIP-110 plan moving toward a hard fork scheduled for September 1. The proposed fork would change Bitcoin's proof-of-work algorithm.
Developers are expected to announce the selected hash algorithm tomorrow. RTDS would be enabled starting from the first block. Discussions also cover block size reduction and replay protection. As of this writing, the exact details of the hash algorithm and RTDS have not yet been published.
The update arrives alongside reports that Dashjr is no longer a licensed user of the BIP content repository.
If the plan goes through, the proof-of-work change would create a separate blockchain, effectively forming a new altcoin. Existing BTC holders would receive tokens on the forked chain.
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