BITCOIN BIP 110 HARD-DRIVE DEADLINE APPROACHING, WITH A MINER SUPPORT RATE ZERO

The fact that the BIP 110 deadline for Bitcoin is approaching and that the current support rate for miners is zero indicates strong opposition to the proposal. BIP 110, a proposal to remove non-financial data from the Bitcoin block chain, is expected to expire in early August. Despite extensive social discussions around the topic, the support rate for miners remains below 1 per cent. This proposal will limit the data size of OP RETURN and prevent any data blocks larger than 256 bytes. Proponents believe that this would allow more focus on payments than on TTco, while critics argue that it would transform policy battles into consensus rules. Two important figures in Bitcoin, Michael Saylor, founder of Strategy, and Adam Back, co-founder of Blockstream, all objected。