Bitfinex Blog/
BIP-110 and Bitcoin’s High Bar for Consensus Change
BIP-110 is a proposed temporary soft-fork for Bitcoin aimed at restricting non-payment data (such as Ordinals, BRC-20, and Runes) to preserve the network's monetary function. The proposal faces significant opposition from developers and lacks broad miner support, highlighting Bitcoin's high barrier for consensus changes.
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Why It Matters
The dispute tests Bitcoin's governance and rule stability, demonstrating the difficulty of implementing core changes without broad agreement, which is a key part of the institutional investment case for the asset.