What to know:
- BIP-110 minority chain stalled at block 961,633, leaving it 48 blocks behind Bitcoin.
- Only 2.53% of blocks signaled BIP-110 support, far below the required 55% activation threshold.
- At current mining pace, BIP-110 could need 350 days for difficulty adjustment versus Bitcoin’s 14 days.
Bitcoin Fork BIP-110 minority chain has stalled after producing only two blocks about eight hours after splitting from Bitcoin. At around 6 a.m. UTC, the breakaway network remained at block 961,633, while Bitcoin reached 961,681, according to the situation monitor. The 48-block gap highlights its severe shortage of mining power overall.
The separation occurred at the block 961,632, when the block rejection due to the lack of required signaling started on the BIP-110 chain. The first non-signaling block was generated by AntPool and remains valid on the main Bitcoin blockchain, while the alternative block was mined by an OCEAN miner. AntPool and OCEAN are pooled mining services that coordinate miners’ efforts around the country.
Bitcoin Improvement Proposal 110 or BIP-110 calls for temporary restrictions on storing arbitrary data within Bitcoin transactions. Supporters argue that pictures, text messages, inscriptions, and similar types of information take up the space in the block, thus making transactions more expensive.
Opponents argue that those users who pay fees for their transactions have the right to use the block space. Hence, this particular debate is the problem on its own right.
Also Read | Litecoin Price Eyes $48 as Rising Trendline and On-Chain Activity Fuel Recovery
Why the Bitcoin Fork BIP-110 Is Struggling?
The immediate challenge that prevents the development of the forked blockchain is the inherited mining difficulty. Bitcoin changes the difficulty every 2,016 blocks to aim at ten minutes between blocks.
The minority network had this difficulty adjustment system inherited from the main chain but operates on a smaller scale. On the current course, it will take Bitcoin Fork BIP-110 about 350 days to reach a difficulty adjustment, compared with roughly 14 days for Bitcoin.
Miner support was already far below the proposal’s activation threshold before the split. Only 2.53% of blocks signaled for BIP-110 during the relevant two-week period, compared with the 55% requirement. The low participation means the breakaway network depends on limited miners, while the main chain continues processing transactions normally.
Market Impact and What Comes Next
The Bitcoin Fork BIP-110 creates risks for anyone holding or transferring its coin. Because both chains initially recognize the same transaction structure, a transaction spending forked coins may also be valid on Bitcoin, creating replay concerns. Slow block production further weakens settlement reliability and could make any market for the fork difficult.
The mandatory signaling window runs through block 963,647, but the minority chain is unlikely to approach that height at current pace. The Bitcoin Fork BIP-110 underscores Bitcoin’s consensus model: a proposed rule can be implemented by a minority, but economic relevance requires miners, nodes, users and markets to follow. Bitcoin remains dominant.
Also Read | XRP Price Prediction: ETF Inflows Could Fuel Recovery Toward $10+
Be the first to comment