Bitcoin’s BIP-110 proposal is approaching an early August deadline, yet miner backing remains below 1% and the current signaling cycle is still at 0, according to ChainCatcher. No major mining pool has supported the proposal so far.
BIP-110, formally described as a temporary soft fork to reduce data usage, would limit OP_RETURN data capacity within a year, block most arbitrary data writes above 256 bytes, and restrict some script formats commonly used for data storage. The proposal uses a user-activated soft fork model and sets a 55% miner signaling threshold. Data cited in the report shows that nodes running BIP-110 software remain in the single digits as a share of the network, with most support coming from Bitcoin Knots users.
The current signaling window is expected to end near block height 959,615. The proposal is projected to enter a voluntary lock-in period in early August and target activation around September. Strategy founder Michael Saylor and Blockstream co-founder Adam Back have both publicly opposed BIP-110. If broad support still fails to materialize, the report said a minority of nodes could split into a separate chain.
Bitcoin proposal BIP-110 is nearing an early August deadline, but miner support is still below 1% and the current cycle remains at 0, according to ChainCatcher. No major mining pool has backed the proposal so far.
BIP-110, described as a “temporary soft fork to reduce data,” would limit OP_RETURN data capacity within one year, block most arbitrary data writes larger than 256 bytes, and restrict some script formats mainly used for data storage.
Support remains limited
The proposal uses a user-activated soft fork model and sets a 55% miner signaling threshold. Data cited in the report shows that nodes running BIP-110 software account for only a single-digit share of the network, with most of them coming from Bitcoin Knots users.
The current signaling period is set to end near block height 959,615. BIP-110 is expected to enter a voluntary lock-in period in early August and is planned for activation around September.
Public opposition has emerged
Strategy founder Michael Saylor and Blockstream co-founder Adam Back have both publicly opposed BIP-110.
If the proposal still lacks broad backing by then, a minority of nodes could form a separate chain, the report said.
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