Bitcoin News
By Sakamoto Nashi
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AntPool, Ocean, and a Chain Nobody's Mining. The first non-signaling block after the fork point was mined by AntPool, and the main Bitcoin…
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The Difficulty Adjustment Problem. Here's where things get technically brutal for the BIP-110 chain.
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Replay Risk and the Trader Problem. There's another wrinkle making the BIP-110 coin hard to trade: both chains accept identical…
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The breakaway chain is basically dead on arrival. A Bitcoin fork built on BIP-110 has produced exactly two blocks since it launched Saturday, with zero signs of further mining…
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The split happened at block 961,632. That's when BIP-110 software began rejecting blocks that didn't signal support for the proposal. By 6 a.m.
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So what is BIP-110, exactly? It's a Bitcoin Improvement Proposal that wants to stop non-financial data from being stored inside Bitcoin transactions — for one year.
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And the numbers make that painfully clear. Over the past two weeks, only 2.53% of blocks signaled support for BIP-110.
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Here's where things get technically brutal for the BIP-110 chain. Bitcoin's protocol adjusts mining difficulty every 2,016 blocks.
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More context: BIP-110 Fork Sits 18 Blocks Behind Bitcoins Main Chain After Roughnecks Split
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The BIP-110 chain doesn't. With far fewer mining resources than the main network, it can't produce blocks anywhere near that pace.
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The BIP-110 nodes were set to require block signaling support through block 963,647. At the pace the chain is moving, it probably won't get there in time. Not even close.
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It's a mechanical trap. Slow blocks mean slow difficulty adjustment. Slow difficulty adjustment means continued slow blocks.
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There's another wrinkle making the BIP-110 coin hard to trade: both chains accept identical transactions. That creates a replay vulnerability.
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For anyone thinking about trading the fork coin, that overlap is a serious complication. Sellers can't easily offload it without risking exposure on the main chain.
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More context: BIP-110 Forces a Minority Bitcoin Chain at Block 961,632 With 2.53% Miner Backing
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