Bullish
BIP-110 Activation Fails with Only 2.5% Miner Support
10:35
BIP-110 missed the 55% activation threshold, securing just 2.5% hash rate support. Resulting chain splits halted block generation for minority forks, while the mainnet remains unaffected.
Woofun AI reports that BIP-110 failed to activate upon reaching its deadline, garnering support from only approximately 2.5% of the network's mining hash rate. Nodes attempting to enforce the proposal diverged from the mainnet at block height 961632, causing several resulting chains to cease block production due to insufficient computational power.
Leo Fan, founder of Cysic, attributed the failure to "protocol capture" by large mining pools. With the minority chains controlling less than 3% of total hash rate, mining difficulty adjustments stalled their progress. While some advocates propose a hard fork to replace the PoW algorithm, Bitcoin Mechanic stated it will await updates from Bitcoin Knots before resuming operations. The mainchain continues normal functioning.
WOOFUN AI
Impact Assessment · Quick Read
The decisive rejection of BIP-110 underscores the entrenched power of major mining pools in Bitcoin consensus mechanisms. This event highlights the high barrier for protocol changes without broad miner coordination, potentially discouraging future contentious upgrades. The technical halt of minority forks demonstrates the fragility of chains lacking sufficient hash rate security.
Generated by WOOFUN AI · For reference only, not investment advice
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