BIP-110 Mandatory Signaling Period Initiated, Minority Chain Lagging Behind with Less than 3% Miner Support, BIP-110 Chain Almost No Hashrate Support, Lagging Behind Main Chain
BIP-110 entered the mandatory signaling period at block 961632. Ocean mined a non-signaling block, which was rejected by BIP-110 nodes and resulted in a fork.
Miner support is below 3%, and the BIP-110 chain has almost no hashrate support, lagging behind the main chain.
Under the event-driven scenario, the main chain and a minority of nodes are diverging, with mainstream miners and the economic majority maintaining the original chain, while nodes supporting data restrictions and related software are under pressure.
Source: Public Information
ABAB AI Insight
BIP-110, proposed by Dathon Ohm, aims to temporarily restrict arbitrary data embedding on-chain to suppress Ordinals-type inscriptions, using a modified BIP9 mechanism with a 55% signaling threshold, significantly lower than the traditional 95%. Prior voluntary signaling support has consistently been below 3%.
On the capital path, a few mining pools like Ocean provide the main signaling hashrate, motivated to push users to activate the soft fork for prioritizing currency use, with resources concentrated on Knots variant nodes rather than mainstream Core and large mining pools.
Similar cases can be seen with the failure of SegWit2x in 2017 due to insufficient coordination, as well as early user activation attempts; currently, it is in a phase of fork risk where node enforcement is disconnected from the majority of miners.
Essentially, this represents a regulatory change: consensus rules are being attempted to be imposed by a minority of nodes, with the mechanism leading to a sustained minority chain due to a lack of economic majority support during the signaling period, highlighting the ultimate decisive role of hashrate and economic weight of nodes.
ABAB News · Law of Cognition
Rules without hashrate are merely protest chains
Mandatory signaling cannot replace economic majority
On-chain data restrictions will ultimately be voted on by miner wallets