Michael Saylor: BIP-110 Lacks Widespread Miner Support, May Stall and Gradually Lose Significance
According to TechFlow, on August 8, Strategy founder Michael Saylor posted that currently only about 2.6% of miners have signaled support for BIP-110, and the proposal failed to gain widespread miner support.
Saylor stated that at block height 961,632, nodes supporting BIP-110 will begin rejecting blocks that have not signaled accordingly. Afterwards, BIP-110 may stall, or become irrelevant through a fork, while the Bitcoin network will continue to operate normally.
BIP-110 is a temporary soft fork proposal planning to add 7 consensus restrictions within an approximate one-year validity period, including limiting new script public key length, certain push data and witness item sizes, and disabling certain Taproot extension paths, etc., to reduce non-payment data embeddable in transactions, such as inscriptions, runes, etc., thereby reducing node burden and suppressing spam data.
