BIP-110 Bitcoin Data Limit Proposal Nears Deadline with 0% Miner Support

Odaily Planet Daily News: Bitcoin's BIP-110 proposal is approaching its early-August deadline, with current miner support below 1%. The current signaling period stands at 0%, with no major mining pools expressing support. BIP-110, officially titled "Reduce Data Temporary Soft Fork," aims to limit OP_RETURN data capacity within one year, prohibit most arbitrary data writes exceeding 256 bytes, and restrict certain script formats primarily used for data storage. Strategy founder Michael Saylor and Blockstream co-founder Adam Back have both publicly opposed BIP-110. Data shows that BIP-110 employs a User-Activated Soft Fork (UASF) mechanism with a 55% miner signaling threshold. The proportion of nodes running BIP-110 software remains in the single digits, primarily from Bitcoin Knots users. The current signaling period for this proposal is expected to end near block height 959,615, entering a voluntary lock-in period in early August, with activation planned around September. If widespread support is still lacking by then, it could lead to a minority chain split.