[Michael Saylor: BIP-110 Fails to Gain Broad Miner Support, Will Stall or Become Irrelevant] BlockBeats News, August 8 — Strategy founder Michael Saylor stated in a post that only 2.6% of miners signaled support for BIP-110, failing to gain widespread backing. At block 961,632, its nodes will reject non-signaling blocks. Subsequently, BIP-110 will either stall or fork into an irrelevant existence, while Bitcoin will continue to operate as normal. Bitcoin is functioning as designed. BIP-110 is a temporary soft fork proposal intended to introduce seven new consensus restrictions over an approximately one-year period. These include limiting the length of new script public keys, restricting certain push data and witness item sizes, disabling some Taproot extension paths, and more. The goal is to significantly reduce arbitrary non-payment data embedded in transactions, such as inscriptions and runes, thereby reducing node burden, suppressing spam data, and refocusing Bitcoin on its monetary use case. [Original Link]