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BIP-110 Bitcoin Fork Stalls at Two Blocks as Its Only Miner Quits
The BIP-110 fork on the Bitcoin network has not produced a block since Saturday night, following the departure of its sole miner. Ocean, a major mining pool, has announced refunds to affected miners.
AS1 NewsSource: thedefiant.io
NIGHT
BTCThe Bitcoin chain implementing BIP-110 has experienced a halt in block production since Saturday night. This pause occurs after the only miner supporting the proposal ceased operations. BIP-110 was an attempt to introduce a soft fork to increase block size, but its support has waned, leading to the current standstill.
Supporters of BIP-110, including Luke Dashjr, CTO of the mining pool Ocean and a key maintainer of Bitcoin Knots, are now discussing potential changes to Bitcoin's proof-of-work algorithm to address the issues caused by the fork's inactivity.
Ocean has announced it will refund approximately 0.3 BTC to miners whose hashrate was directed to the breakaway chain during the roughly 18 hours it was active. This move aims to compensate miners affected by the fork's failure and to maintain trust within the mining community.
The halt underscores the challenges in implementing consensus upgrades on Bitcoin and highlights the importance of broad support among miners and developers for protocol changes. The community continues to evaluate the best path forward to ensure network stability and progress.
The stoppage of the BIP-110 fork at two blocks indicates a setback in the proposed protocol upgrade, with potential implications for future soft fork support and miner consensus.