Key facts
- Bitcoin's BIP-110 proposal aims to temporarily restrict non-financial data in transactions.
- The proposal has stalled due to minimal miner support.
- A minority chain created by BIP-110 supporters has produced only two blocks in eight hours.
- The minority chain is experiencing extremely slow block times.
- There is no realistic path for BIP-110 to meet its signaling deadline.
The Bitcoin Improvement Proposal (BIP) 110, intended to temporarily restrict non-financial data within transactions, has stalled. This stall is attributed to a lack of significant miner support for the proposed changes. A minority chain, established by proponents of BIP-110, has managed to produce only two blocks over an eight-hour period. This slow rate of block production is a direct consequence of extremely slow block times experienced on this chain. Consequently, there appears to be no realistic pathway for the proposal to meet its designated signaling deadline. The current situation effectively halts any immediate progress or implementation of BIP-110's objectives, which were to limit the inclusion of non-financial data in Bitcoin transactions for a temporary period.