Bitcoin · Strategy · Michael Saylor · Bitcoin Magazine
It said that until “Yes” votes cross 51% of voting hashrate, Foundry signals “No” with all of its blocks
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Foundry controls about a third of network hashrate, a share that makes its position consequential for the outcome.
Key facts
- Under Foundry’s process, each vote carries weight based on an account’s average 10-day hashrate on the pool between July 6 and July 15
- Its rules limit most new outputs to 34 bytes, restore an 83-byte limit on OP_RETURN outputs, and reject data pushes above 256 bytes
- BIP-110, or the Bitcoin Improvement Proposal 110, is a proposal aimed at temporarily restricting spam on the blockchain
- Foundry Digital said it will allow clients who use its Bitcoin mining pool to vote on BIP-110
Summary
Foundry Digital said it will allow clients who use its Bitcoin mining pool to vote on BIP-110. Foundry Digital, the world’s leading Bitcoin mining pool operator, has said it will allow mining clients how the pool should signal on the BIP-110. The Rochester, New York-based firm said Friday in an email to miners that they will be able to vote by using their hashrate, computing power, to vote either for or against the proposal. BIP-110, or the Bitcoin Improvement Proposal 110, is a proposal aimed at temporarily restricting spam on the blockchain. “As miners, it’s important for you to have a voice and participate in the governance of the network,” Foundry said in its announcement.