Woofun AI reports that the BIP-110 proposal, designed to limit non-financial data on the Bitcoin blockchain, faces near-zero miner support as its deadline approaches in early August. The initiative seeks to restrict OP_RETURN capacity and prohibit arbitrary data writes over 256 bytes to reduce node pressure and focus on payment functions.

Prominent figures including Michael Saylor of MicroStrategy and Adam Back oppose the measure, warning it could invalidate valid transactions. Current miner signaling stands at 0%, well below the 55% threshold required for activation, with no major mining pools endorsing the user-activated soft fork.