← Back to KHAO

Michael Saylor · Bitcoin ·

Bitcoin 'Anti-Spam' Fork Sputters to a Halt After Mining Just Two Blocks

2 min read

Compiled by KHAO Editorial — aggregated from 1 source + 3 references discovered via search. See llms.txt for citation guidance.

★ Tier-1 Source

Bitcoin remains the largest crypto asset in the market.

The long-simmering fight over a controversial Bitcoin network proposal finally produced a chain split over the weekend, but the breakaway Bitcoin fork sputtered almost immediately, grinding out two blocks in roughly eight hours before stalling out.

Key facts

Summary

Supporters of BIP-110 split off into a minority Bitcoin chain on Saturday at block 961,632, but it mined only two blocks in about eight hours before stalling, falling dozens of blocks behind the main network. The fork inherited Bitcoin's difficulty setting with barely any hashpower—about 2.53% of recent blocks signaled support, far below the 55% activation threshold,. BIP-110 sought to temporarily block non-financial data like Ordinals inscriptions from transactions, a move critics including Michael Saylor call a dangerous precedent. The fork came because of a Bitcoin Improvement Proposal known as BIP-110, whose supporters claimed would protect the network from unwanted spam and the legal liability that comes from hosting non-financial data on the network.

Read full article at Decrypt →

#Michael Saylor #Bitcoin