BITCOIN PRODUCED ONLY TWO PIECES BECAUSE OF BIP-110 FAILURE

AS THE BIP-110 PROPOSAL DID NOT RECEIVE SUFFICIENT SUPPORT, BITCOIN WAS SPLIT ON SATURDAY, AND THE NEW CHAIN FORMED PRODUCED ONLY TWO PIECES AFTER ABOUT EIGHT HOURS ON THE LINE, WITH THE CURRENT BLOCK HEIGHT BEING 961,633, WHILE THE MAIN CHAIN REACHED 961,681. BIP-110 AIMS TO LIMIT THE STORAGE OF NON-FINANCIAL DATA IN BITCOIN TRANSACTIONS, BUT IN THE LAST TWO WEEKS ONLY 2.53 PER CENT OF BLOCKS SUPPORTED THE PROPOSAL, WELL BELOW 55 PER CENT REQUIRED FOR ACTIVATION. THE NEW CHAIN IS EXPECTED TO TAKE APPROXIMATELY 350 DAYS TO COMPLETE 2,016 BLOCKS AT THE CURRENT RATE, OWING TO THE SMALL NUMBER OF MINERS AND THE SLOW PACE AT WHICH BLOCKS ARE GENERATED。