BIP-110 Bitcoin data limit proposal is approaching the deadline, with a miner support rate of 0

The Bitcoin BIP-110 proposal is approaching its deadline in early August, with current miner support below 1% and the current cycle at 0, with no major mining pools supporting it. BIP-110, which stands for "Reducing Data Temporary Soft Fork," plans to limit OP_RETURN data capacity within a year, prohibiting most arbitrary data writes exceeding 256 bytes and restricting certain script formats primarily used for data storage. Strategy founder Michael Saylor and Blockstream co-founder Adam Back have both publicly opposed BIP-110.

Data shows that BIP-110 adopts a user-activated soft fork mechanism, setting a 55% miner signal threshold, with the proportion of nodes running BIP-110 software in single digits, mainly from Bitcoin Knots users. The current signaling cycle for this proposal will end around block height 959,615, expected to enter a voluntary lock-up period in early August, with plans to activate around September. If widespread support is still lacking by then, it may lead to a minority of nodes forming a separate chain.