ME News, July 12 (UTC+8): Bitcoin’s BIP-110 proposal is set to face an early-August deadline, but miner support is still below 1%, indicating the proposal faces substantial resistance. BIP-110 stands for “Reducing Data Temporary Soft Forks.” The core controversy is about restricting non-financial data in the Bitcoin blockchain. The proposal plans to limit the capacity of OP_RETURN data within a year, forbid most arbitrary data writes exceeding 256 bytes, and restrict certain script formats mainly used for data storage. Supporters believe the proposal would make the Bitcoin network more focused on payment functions and reduce the load on running nodes; opponents argue it would escalate the policy dispute over block space usage into consensus rule changes, determining which transactions count as “acceptable” transactions. Strategy founder Michael Saylor and Blockstream co-founder Adam Back have both publicly opposed BIP-110. Saylor said: “There are 110 things more dangerous than junk data,” adding that the proposal would “turn the junk data controversy into a consensus change, making some currently valid transactions that pay fees invalid.” Adam Back said that if supporters can’t accept the current situation, they can choose to fork, but “Bitcoin won’t join.” Data shows BIP-110 uses a user-activated soft fork mechanism, setting a 55% miner signaling threshold, but miner signaling has never exceeded about 1%; the current cycle is even at 0, with no major mining pools supporting it. The share of nodes running BIP-110 software is also only in the single digits, mainly from Bitcoin Knots users. The proposal’s current signaling period will end around block height 959,615. It is expected to enter a voluntary lock-in period in early August, and is planned to activate around September. If by then there is still a lack of broad support, it may lead to a small number of nodes forming a separate chain. (Source: BlockBeats)

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The BIP-110 Bitcoin data limit proposal is nearing its deadline, and miners’ approval rate is still close to 0.

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