Bitcoin BIP-110 misses voluntary 55% miner threshold as mandatory signaling nears

Bitcoin BIP-110 misses voluntary 55% miner threshold as mandatory signaling nears

Only 28 of 1,108 blocks had signaled by Aug. 2, leaving BIP-110 far short of voluntary lock-in before enforcing nodes begin rejecting non-signaling blocks at block 961,632.

BTC

Fact Check
The official BIP-110 specification (bips.dev/110) confirms it is a one-year soft fork to curb non-payment/arbitrary data with a modified BIP9 55% lock-in threshold. CoinGape confirms the fork failed to reach the 55% miner signalling threshold and drew opposition from Michael Saylor, Adam Back, and Samson Mow. CoinNess corroborates the 55% threshold and Saylor's opposition, reporting signalling far below the required level. All elements of the claim — the 55% threshold, the ~one-year data-curbing purpose, the failure, and the three named opponents — are corroborated across an authoritative primary specification and secondary news reports.
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Summary

Bitcoin's BIP-110 soft fork can no longer achieve voluntary lock-in during the current 2,016-block difficulty period after only 28 signaling blocks appeared among 1,108 by Aug. 2, or 2.53%, far below the 1,109 blocks needed for a 55% threshold. Strategy Executive Chairman Michael Saylor said the first 24 signals all came from DATUM miners sharing rewards through OCEAN, though public blockchain data confirms the low signaling rate rather than the full attribution. The proposal would temporarily restrict several forms of transaction data, including OP_RETURN size and some Taproot-related features, for 52,416 blocks, or about one year. It now moves toward a mandatory signaling window beginning at block 961,632, when enforcing nodes would reject non-signaling blocks, a design that critics say could put supporters on a minority chain if most hashpower continues mining as usual.

Terms & Concepts
  • soft fork: A blockchain rules change that tightens validity requirements while aiming to remain compatible with older software.
  • OP_RETURN: A Bitcoin transaction field often used to attach small pieces of data to the blockchain.
  • minority chain: A version of the blockchain supported by less total mining power than a competing chain.