Bitcoin BIP 110 Stalls After Weak Miner Support

The Bitcoin network is seeing some turbulence after the BIP 110 branch hit a wall this week. The proposal entered its mandatory signaling phase, but it only managed to secure 2.53 percent support from miners. This lack of backing led to immediate technical issues for the branch.

After the initial activation, the BIP 110 branch stalled completely after producing just two blocks. It has since fallen 98 blocks behind the main Bitcoin chain, effectively halting its progress for now.

This situation highlights how difficult it is to push updates through the Bitcoin network without widespread consensus from the mining community. Traders should keep an eye on whether proponents attempt to rally more support or if this specific branch is abandoned altogether.