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David Bailey: BIP-54 has 42 times more hashrate than BIP-110

David Bailey: BIP-54 has 42 times more hashrate than BIP-110
BIP-54 surpasses BIP-110 support

David Bailey draws attention to the support for BIP-54, highlighting that it already has 42 times more hashrate backing it than BIP-110.

He questions the rationale of using a 55% activation threshold, implying that such a threshold may be risky given the current level of support.

Bailey has previously said that proposed changes such as BIP-110 require consensus among network participants, otherwise no protocol adjustment occurs, according to a recent article. He also characterized the failed BIP-110 takeover as positive for Bitcoin, referencing a prolonged campaign by a major developer in a separate report. These statements illustrate his ongoing focus on hashrate support and consensus in protocol changes.

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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