Bitcoin BIP-110 Miner Signal Support Rate Only 2.45%

Bitcoin BIP-110 will enter the enforcement phase after block 961632, rejecting non-signaling blocks. Monitoring data shows that out of 1,674 blocks counted in the current cycle, only 41 blocks support BIP-110, resulting in a miner signal support rate of 2.45%. The official name of BIP-110 is Reduced Data Temporary Softfork, which aims to tighten certain data rules in Bitcoin transactions over the next year, limiting the size of certain data elements used by Ordinals inscriptions and multiple token protocols. This proposal is primarily distributed through Bitcoin Knots and has not been adopted by Bitcoin Core. Major mining pools such as Foundry, Antpool, F2pool, and Viabtc have not issued support signals. If BIP-110 nodes are executed as planned, the network may experience two transaction histories, with most miners and Bitcoin Core users expected to continue using the existing rules. Australian Bitcoin exchange Hardblock indicates that BIP-110 activation is expected around August 7 to 8, which may temporarily suspend buying, selling, deposits, and withdrawals. Lightning Network tools and analytics provider Amboss warns of a fork risk in early August, and Australian Bitcoin exchange Bitaroo plans to freeze deposits and withdrawals as the mandatory signaling approaches.

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