Luke Dashjr Steps Back from Ocean Chairman and CTO Roles to Focus on BIP-110 Fork Development

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

The BIP-110 minority chain managed to mine only two blocks after splitting at block height 961,632, and subsequently stalled due to inheriting Bitcoin's 1,274,800 billion difficulty level and a relatively small share of SHA-256d hashrate. Bitcoin Knots developers are preparing a hard fork that plans to reset the proof-of-work algorithm, adjust block headers, and add replay protection.

Developers intend to select a new PoW algorithm from BLAKE2b-256, SHA3x, BLAKE2s, Scrypt, BLAKE3x2, and Eaglesong, and will adopt 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 block headers and PoW, replay protection, and RDTS adaptation work. BIP-110 shares transaction history with Bitcoin, and developers believe that changes such as transaction signing are necessary 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, or enterprises to migrate to that chain. (Bitcoin News)