Luke Dashjr Steps Down 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, said he will temporarily step away from these roles to focus on Bitcoin and open-source project development. Ocean's communications lead, Bitcoin Mechanic, also announced a temporary departure. Both emphasized that this is a temporary leave of absence, not a permanent resignation.

After the BIP-110 minority chain split at block height 961,632, only two blocks were mined before it stalled due to inheriting Bitcoin's massive difficulty of 127,480,000 billion and a relatively low SHA-256d hash rate share. Bitcoin Knots developers are preparing a hard fork that plans to reset PoW, adjust block headers, and add replay protection.

Developers intend to select a new PoW algorithm from BLAKE2b-256, SHA3x, BLAKE2s, Scrypt, BLAKE3x2, and Eaglesong, using a commit-reveal mechanism, with the algorithm 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. BIP-110 shares transaction history with Bitcoin, and developers believe that changes such as transaction signatures are necessary to prevent Bitcoin transactions from being considered valid on the minority chain. The Bitcoin community has criticized the fork for producing only two blocks so far, arguing that while nodes can execute custom rules, they cannot compel users, miners, exchanges, or businesses to migrate to the chain. (Bitcoin News)