BIP 110 Backers Consider PoW Reset After Bitcoin Split Stalls

The split happened when nodes enforcing BIP 110 started rejecting standard blocks after a specific trigger point in August. High mining difficulty on the main Bitcoin network quickly overwhelmed the fledgling chain, bringing its transaction activity to a near standstill after only two blocks.

Now, backers are discussing a potential reset of the proof of work algorithm to bypass the heavy difficulty wall. By changing how miners secure the network, proponents hope to revive the stalled chain and give their alternative rules a fighting chance to run independently.

This situation highlights the massive security and hash rate hurdles that face any minority fork trying to break away from the main Bitcoin blockchain. Traders and network watchers should keep a close eye on whether developers actually push through with the algorithm change or if the project quietly fades away.