The BIP-110 signal period is expected to end in four weeks at Bitcoin block height 965,664, and the community is about to face a critical decision

According to CoinDesk, the controversial BIP-110 soft fork proposal officially entered the mandatory signaling phase at around 3:35 AM Beijing time this Sunday (UTC 19:35) at Bitcoin block height 961,632, marking the start of the signaling window. This proposal aims to temporarily restrict non-financial data from being written to the Bitcoin blockchain, but the current miner support rate is extremely low, with the proportion of supporting miners far below the 55% activation threshold required by the proposal. The market is concerned that this fork chain may expand its influence in the future as more nodes join, forcing miners to compromise, or it may gradually lose vitality due to a lack of computing power and ecosystem support. Meanwhile, several key figures in the Bitcoin industry have publicly opposed this proposal, including Strategy Chairman Michael Saylor and Blockstream CEO Adam Back. Opponents believe that BIP-110 could undermine consensus in the Bitcoin network and bring unnecessary risks of division.

It is reported that the BIP-110 signaling period will last until Bitcoin block height 965,664, expected to conclude in about four weeks. At that time, the community will face a critical decision on whether to activate the proposal.