Luke Dashjr Steps Down Temporarily as Ocean Chairman and CTO, Shifts Focus to BIP-110 Fork Development

Odaily News – Luke Dashjr, co-founder, chairman, and CTO of Jack Dorsey-backed Bitcoin mining pool Ocean, has announced he is temporarily stepping away from these roles to focus on Bitcoin and open-source project development. Ocean's communications lead, Bitcoin Mechanic, has also announced a temporary departure. Both have stated this is a temporary leave of absence rather than a permanent resignation.

The BIP-110 minority chain has mined only two blocks since splitting at block height 961,632, and has since stalled due to inheriting Bitcoin's 127,480,000 difficulty and a relatively low share of SHA-256d hashrate. Bitcoin Knots developers are preparing a hard fork that plans to reset the proof-of-work, adjust the block header, and add replay protection.

Developers plan to select the new PoW algorithm from BLAKE2b-256, SHA3x, BLAKE2s, Scrypt, BLAKE3x2, and Eaglesong, using a commit-reveal mechanism, with the algorithm to be determined by the next block produced after 14:00 UTC the following day. Dashjr, Kyle, and Chris Guida are respectively responsible for the block header and PoW, replay protection, and RDTS adaptation. BIP-110 shares transaction history with Bitcoin, and developers believe changes such as transaction signatures are needed to prevent Bitcoin transactions from becoming valid on the minority chain. The Bitcoin community has criticized the fork for producing only two blocks so far, arguing that nodes can execute custom rules but cannot compel users, miners, exchanges, and businesses to switch to the chain. (Bitcoin News)