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The BIP-110 Chain Faces a Long Struggle for Survival

The BIP-110 minority chain, a fork from the main Bitcoin network, has successfully mined a small chain of four blocks. Typically, this would immediately doom a fork, but BIP-110 proponents have an alternative survival strategy: to abandon the overwhelming SHA-256 difficulty by replacing the chain's Proof-of-Work (PoW) hash function entirely. Rumors suggest a transition to a new PoW algorithm, likely Blake2b, could occur in September. Currently, mining has stalled at block 961635, leaving over 400,000 transactions pending. The new BIP-110 coin has no exchange listings, resulting in no established market price or liquidity. Holders face risks from a lack of replay protection, which can cause unintentional coin movement between chains. The community is watching to see if the fork will successfully implement the PoW change to Blake2b, reset the mining difficulty, and add proper replay protection, facing a significant uphill battle for survival with minimal industry infrastructure support.

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