TLDR: BIP-110 fork holds only 0.15% of Bitcoin’s total network hashpower, Saylor confirms today. The minority chain has mined just two blocks, trailing the main Bitcoin chain by 80+ blocks. A
TLDR:
- BIP-110 fork holds only 0.15% of Bitcoin’s total network hashpower, Saylor confirms today.
- The minority chain has mined just two blocks, trailing the main Bitcoin chain by 80+ blocks.
- At its current pace, the BIP-110 fork needs 25 years to reach its first difficulty adjustment.
- Saylor says Bitcoin consensus is earned through security, utility, capital, and real users.
The BIP-110 fork has secured just 0.15% of Bitcoin’s total hashpower, according to Strategy chairman Michael Saylor. He noted that 99.85% of miners remained on the main Bitcoin chain following the split.
The minority branch has mined only two blocks so far. It now trails the primary chain by more than 80 blocks, raising doubts about its long-term viability.
Fork Struggles to Gain Ground Against Main Chain
The BIP-110 fork emerged after developers proposed temporary limits on non-financial data embedded in Bitcoin transactions. Saylor explained that Bitcoin functioned exactly as intended during the split.
He wrote that Bitcoin worked exactly as designed, since “BIP-110 was free to fork, and the network was free not to follow.” That outcome, he said, proved decisive within a short period.
Saylor pointed out that nearly all mining power stayed loyal to the original chain. He stated that about 99.85% of Bitcoin’s hashpower stayed with Bitcoin after the split occurred.
Only a small fraction shifted toward the new branch. He described the imbalance as clear evidence of where miners place their trust.
Saylor shared his analysis directly through a post on X. He added that “the BIP-110 branch mined only two blocks and is already more than 80 blocks behind.” That gap highlights how little support the fork has gathered since launch.
Mining data shows the BIP-110 branch has fallen far behind in block production. Two blocks represent a small output compared to the main chain’s steady pace.
The growing gap between chains suggests limited participation from miners. Without broader support, the fork remains isolated from the network’s core activity.
Difficulty Adjustment Timeline Raises Questions
At its current hashpower, the BIP-110 fork needs 2,015 more blocks for its first difficulty adjustment. Saylor calculated that this process could take around 25 years to complete. He wrote that “at ~0.15% of Bitcoin’s hashpower, BIP-110 must mine 2,015 more blocks before its first difficulty adjustment. At today’s rate, that is ~25 years.”
That timeline stands in sharp contrast to Bitcoin’s standard two-week adjustment cycle. The slow pace reflects the fork’s limited mining resources. Saylor added that “anyone can fork Bitcoin”, but forks lack automatic legitimacy without broader network backing.
Security, utility, capital, and users must all follow for a fork to matter, Saylor noted. He closed his statement with a direct point about network consensus.
He wrote that “consensus is earned, not declared.” That distinction, he suggested, explains why the BIP-110 fork remains largely inactive.
The developments around BIP-110 illustrate how Bitcoin’s proof-of-work system filters out unsupported changes. Hashpower distribution continues to favor the established chain by a wide margin.
Market participants are watching whether the fork gains any traction going forward. For now, the data points toward continued dominance by Bitcoin’s main chain.
The post Saylor: BIP-110 Fork Holds Just 0.15% of Bitcoin’s Hashpower, Faces 25-Year Wait appeared first on Blockonomi.