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BIP-110 at 2.6% miner signaling and set to fork, Michael Saylor notes

BIP-110 at 2.6% miner signaling and set to fork, Michael Saylor notes
BIP-110 fails to get miner backing

Michael Saylor reports that BIP-110 has received only 2.6% miner signaling, failing to secure broad miner support.

He explains that once Bitcoin reaches block 961,632, nodes following BIP-110 will reject non-signaling blocks. According to Saylor, this will likely result in BIP-110 stalling or forking into irrelevance, while Bitcoin itself will continue operating normally and as intended.

Earlier commentary from Saylor indicated that BIP-110 had failed to meet the required mining threshold, making a stall or fork likely unless conditions changed. Separately, he has observed that Bitcoin has historically traded above its 200-week moving average 92 percent of the time. These observations frame ongoing developments around the BIP-110 proposal.

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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