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.

ChainCatcher reports that Bitcoin News posted on X, quoting Luke Dashjr as saying the developers' meeting is 'going well' and plans are advancing to change Bitcoin's proof-of-work algorithm via a hard fork. Developers are expected to announce the chosen hash algorithm tomorrow, with RTDS enabled from the first block. Block size reduction and replay protection are under discussion. The news comes as reports say Dashjr is no longer a licensed user of the BIP content repository. If implemented, the PoW change would create a separate blockchain, effectively forming a new altcoin, and existing BTC holders would receive tokens on the forked chain.