BIP-110 OR TRIGGER THE BITCOIN FORK: DEVELOPERS WARN THAT THE SALE OF THE FORK COULD LEAD TO THE THEFT OF THE REAL BTC

8 August, bitcoin developer Kevin Loaec warned if bitcoin fork related to disputed proposal BIP-110 This weekend, the holder may be at risk of being transferred to the real BTC when he sells a fork in the chain. It was reported that if there were two chains in Bitcoin, the BTC balances held by the users might be on both chains. Some traders may try to sell seemingly “free-of-charge” forklifts, but because of the lack of re-protection (Replay Production) at the beginning of the two chains, transactions signed at the time of the sale may be copied into the original bitcoin network, leading the buyer to obtain the same true BTC. Kevin Loaec states that, in the absence of an understanding of how to safely divide the two chain assets, the safest option for a currency holder is to refrain from any operation for the time being. Unmoved BTC will not be affected by re-allocation, as there is no replicable signature transaction. This risk stems from the BIP-110 proposal. The proposal is intended to limit the inclusion of non-payment data such as pictures, text, etc. in bitcoin transactions. The BIP-110 software may begin to reject non-compliant blocks at the height of 961,632 blocks expected to reach this weekend, as it is not supported by sufficient miners, thus creating a fork in competition with the main chain. Currently, the BIP-110 signal support rate for miners is about 2.6 per cent, well below the level required for activation, and therefore uncertainty remains as to whether the fork actually takes place. However, if a small number of miners continue to maintain the BIP-110 chain, there may be two separate trading histories in the market. The analysts pointed out that, in the early stages of the fork, the users would have to take the initiative to complete asset segregation, otherwise, in the absence of re-entry protection, the transactional forkbills might inadvertently transfer the real BTC. It is expected that BIP-110 related transaction restrictions will come into effect around early September。