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Runeston co-founder plans to launch a Bitcoin client DOG Mode to bypass the BIP 110 restriction on non-financial data
PANews July 17 news, citing CoinDesk, that Runestone co-founder Leonidas announced that he is launching an open-source Bitcoin client called DOG Mode, aimed at bypassing the BIP 110 restriction on non-financial data. DOG Mode will increase the maximum standard transaction weight unit from 400,000 to 3,900,000, approaching the entire block capacity, and reduce the dust limit from 294 to 546 satoshis down to 1 satoshi. Leonidas said removing the dust limit will free up about $25 million of idle capital.
The BIP 110 proposal passes via a user-activated soft fork that restricts arbitrary data, requiring 55% miner support; the current support rate is close to zero. DOG Mode requires no consensus or voting— it only needs to change a single node forwarding rule. If enough nodes run and miners accept it, the transaction can be confirmed. Leonidas said DOG Mode deviates from Core far less than Knots; there is currently no codebase and no version yet. He urged developers to contribute code and miners to add support.
Bitcoin has now reached one of the most important levels on the 4H chart — the MA200 around 62.8K. This level could decide the next major move.
Right now, the market is sitting at support, but buyers need to defend it quickly.
⚡️ 3 Scenarios From Here