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Tone Vays: Only 3 percent of miners may signal for Bip110 fork

Tone Vays: Only 3 percent of miners may signal for Bip110 fork
Bip110 fork tipped for low miner support

Tone Vays, bitcoin analyst, derivatives trader & event producer, shares his outlook for Bip110.

He anticipates that as Flag Day approaches, more miners will start signaling for the fork to give hope to supporters, but expects the actual fork to occur with close to only 3 percent of the network signaling, since signaling carries no cost. On the day of the fork, he projects that just about 1.5 percent of the network will be involved.

Vays recently discussed how Elon Musk launching a hypothetical competing Bitcoin client could turn Tesla cars into network nodes, raising questions about UASF scenarios in the network’s operation, according to a prior analysis. He has also stated that miners are unlikely to support proof-of-work changes without broad consensus, citing previous episodes of network resistance in his earlier commentary. These earlier comments highlight Vays' ongoing focus on miner behavior and potential forks in the Bitcoin ecosystem.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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