Bitcoins BIP-110 supporters split onto minority chain as main network pulls ahead
Quick TakeA small group of Bitcoin nodes that support the BIP-110 proposal broke away from the main network at block 961,632, creating a forked chain supported by only a fraction of the mining power of the main network.While Bitcoins main blockchain continued adding blocks normally, the BIP-110 chain had only produced two new blocks and was already seven blocks behind as of 6:00 p.m. ET.BIP-110 is a one-year change that limits non-financial data, such as Ordinals inscriptions, on Bitcoin. The proposal has sparked a debate over how Bitcoins block space should be used.Only 2.53% of blocks signaled support for BIP-110 over the last two weeks, well below the 55% threshold needed to lock in the proposal without a split. Bitcoins (BTC) blockchain split into two branches Saturday when nodes running BIP-110 began rejecting blocks that did not signal support for the controversial “anti-spam” proposal. However, only a small minority of miners supports the forked chain. BIP-110 is a proposed one-year rule that would restrict non-financial data on the Bitcoin blockchain, such as Ordinals inscriptions. The proposal has transformed a technical dispute into a broader fight over who gets to decide how Bitcoins limited block space can be used. The split began at block