Bitcoin Split Triggers Miner Stand Off Over BIP 110 Proposal

A technical split occurred on the Bitcoin network overnight due to the mandatory signaling window for the BIP 110 proposal. This update seeks to limit how arbitrary data is stored in transactions. As nodes enforcing these new rules began rejecting blocks that lacked specific version signaling, the network branched into two distinct paths.

The enforcing branch ground to a halt after only two blocks, as miners continued to prioritize the dominant proof of work chain. Data shows that in the first 59 blocks of the signaling window, not a single one included the required signal for the BIP 110 rules. This lack of support from major mining pools has left the enforcing chain behind, effectively stalling its progress.

The proposal requires a 55 percent threshold of miner support to move toward activation. With the dominant chain continuing to operate normally, major exchanges like Coinbase and Kraken have reported no service interruptions. The market is now watching the remaining 1,957 blocks in the current window to see if miners shift their stance or if the proposal fails to gain the necessary traction.