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‘Can not be censored’- Bitcoin proposal to block Ordinals wins under 1% support

The Bitcoin Improvement Proposal BIP-110, a controversial soft fork designed to restrict non-financial data like Ordinals and Runes inscriptions to combat network spam, has decisively failed to gain sufficient miner support. By the July 4th deadline for miner activation, it received backing in less than 1% of the required 2,016-block period, far short of the 55% threshold needed. The proposal aimed to preserve Bitcoin's core function as a low-cost payment network by blocking memecoins and other data-heavy transactions, which supporters argue increase transfer costs. However, critics, including BitMEX Research and Blockstream CEO Adam Back, strongly opposed the measure. They warned it would break existing wallets, potentially lock over 1.7 million BTC, and fundamentally undermine Bitcoin's reliability and censorship-resistant nature. With negligible miner backing, the proposal's chance of activation in the upcoming user phase in August appears highly unlikely, highlighting a community division over network governance and functionality.

ambcryptoHace 6 hora(s)