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The Bitcoin governance dispute escalates, and the first block supporting the BIP-110 proposal to restrict non-financial data has been mined.
Deep Tide TechFlow News, March 3rd, according to CoinDesk, the mining pool Ocean has mined the first block supporting the BIP-110 proposal, which aims to temporarily restrict non-financial data on the Bitcoin blockchain. BIP-110 plans to implement a soft fork lasting about a year, limiting transaction output sizes and arbitrary data fields. Supporters believe this will protect Bitcoin’s core function as monetary infrastructure and reduce node burdens. However, critics including Blockstream CEO Adam Back warn that such intervention could damage Bitcoin’s credibility and lead to blockchain splits.