Key facts
- A Bitcoin fork proposal, BIP-110, was designed to block non-financial data.
- The proposed fork stalled after mining only two blocks.
- The two blocks were mined in an eight-hour period.
- The breakaway chain had minimal hashpower.
- The breakaway chain fell significantly behind the main Bitcoin network.
- The stall highlights the difficulty in activating such a proposal.
A proposed Bitcoin fork, known as BIP-110, which was designed to prevent non-financial data from being included in Bitcoin transactions, has stalled. The initiative managed to mine only two blocks in an eight-hour window before its progress faltered. The breakaway chain, operating with minimal hashpower, quickly fell significantly behind the main Bitcoin network. This limited success highlights the considerable difficulties associated with activating such a proposal, which necessitates substantial support from the mining community to gain traction and be implemented. The fork's failure to gain momentum indicates a lack of widespread consensus or mining power dedicated to its adoption.