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Can Bitcoin Upgrade Without Consensus? What the BIP-110 Debate Means


Can Bitcoin Upgrade Without Consensus? What the BIP-110 Debate Means

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BIP-110, a proposed one-year soft fork for Bitcoin, would limit non-payment data in transactions and specifically targets Ordinals, BRC-20 tokens and large OP_RETURN usage. The proposal has low miner support and has sparked governance concerns and fears of a chain split that could disrupt users, businesses and crypto services, underscoring that Bitcoin upgrades rely on social consensus as well as code.

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  • BIP-110 could change Bitcoin’s rules without broad network consensus, sparking governance concerns.
  • The proposal’s low support raises fears of a chain split and disruption for users and businesses.
  • The debate highlights that Bitcoin’s future depends on social consensus, not just code.

Bitcoin is facing one of its biggest governance debates in years. A proposal called BIP-110 could activate soon even though only a small number of miners support it. That has sparked an important question: can Bitcoin change its rules without broad agreement?

What Is BIP-110?

BIP-110 is a proposed one-year soft fork that would limit how much non-payment data can be stored in Bitcoin transactions. The proposal mainly targets uses like Ordinals, BRC-20 tokens, and large OP_RETURN data, which take up block space without transferring BTC.

The proposal was written by pseudonymous dev…

Read The Full Article Can Bitcoin Upgrade Without Consensus? What the BIP-110 Debate Means On Coin Edition.

Read the article at CoinEdition

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