Bitcoin's new fork is considered a failure, BIP-110 encounters setbacks
2026-08-09 14:22:52
According to CoinMeta, the new Bitcoin fork has been considered a failure, with BIP-110 experiencing a chain split without the support of miners. According to data from BIP-110 monitoring infrastructure, the split occurred at block 961,632. The BIP-110 branch quickly fell behind the main Bitcoin network and is currently facing difficulties in producing blocks. As of press time, the standard Bitcoin chain has reached block 961,681, while the BIP-110 forced nodes are stuck at block 961,633, lagging behind the main chain by 48 blocks. The normal block production target for Bitcoin is about one block every 10 minutes, whereas the average production interval for the BIP-110 branch is about 6.9 hours. The vast majority of Bitcoin's computing power is still supporting the traditional chain. Blockstream CEO Adam Back responded sarcastically, saying, "They discovered the truth after they forked." The executive chairman of BTC Treasury, Michael Saylor, also warned that the fork would end up being insignificant.
Source:U.Today
This content is for market information only and does not constitute investment advice.
Follow HKWDB official accounts to stay updated
Hot Articles
Refresh

Web3: Circle obtains New York trust license, expanding USDC custody business.
07-31 22:04

Tesla reportedly plans to divest its China business to pave the way for integration with SpaceX.
07-31 21:54

web3: Foreign media: RWA perpetual contracts may expand faster than tokenization
07-31 21:24

Web3: Foreign media: Analysts say the real catalyst for XRP is not the Clarity Act.
07-31 20:55

Foreign media: Trump's children's accounts are unlikely to replace comprehensive family financial planning
07-31 20:24

