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Following
BTC Bitcoin developers prepare emergency code, BIP-110 faces miners 'opposition
As the Bitcoin network debates BIP-110, a proposal to limit non-monetary data storage on blockchain, developer Chris Jedda has taken the initiative to develop an emergency plan. Jeddah has rewritten its 2017 proof-of-work (PoW) change code to make it compatible with the latest version of the full node implementation of Bitcoin Knots. This move is intended as a backup in case major mining pools do not support the soft fork, ensuring that the network can still enforce expected changes.
Background: BIP-110 Proposal
BIP-110 (or Bitcoin Improvement Proposal 110) aims to reduce the amount of data that can be stored in Bitcoin transactions. The proposal specifically targets non-monetary transactions, such as those used in Ordinals, which allows users to engrave data on satoshi, creating NFTs on the Bitcoin blockchain. Proponents believe that such transactions inflate blockchain and deviate from Bitcoin's main purpose as a peer-to-peer electronic cash system. The proposal sparked debate within the community, with some miners and node operators expressing concerns about the impact on network scalability and user freedom.
Emergency plan: Change in proof of work as a last resort
Preparations in Jeddah involve updating the proof-of-work change code, which will change the mining algorithm. If major mining pools refuse to support BIP-110, this change will effectively replace the existing mining network. This idea is not a new one and was discussed as early as 2017 as a potential mechanism for performing user-activated soft forks (UASF). Luke Dasher, a core contributor to Bitcoin, expressed hope that this measure would never be needed, but emphasized the importance of being prepared and said in English: "It's always good to plan ahead." Proponents, including a developer named Mechanic, have recognized the preparation of such code, arguing that credible proof-of-work change threats are crucial to ensuring miners fulfill their responsibilities to node operators, rather than unilaterally dominating Bitcoin's rules.
What this means for Bitcoin users
This development highlights a key tension in the Bitcoin ecosystem: the balance of power between miners who secure the network and node operators who verify transactions. If BIP-110 is rejected by miners, the emergency code could cause the chain to split, producing two competing versions of Bitcoin. For users, this can cause uncertainty, potential replay attacks, and market volatility. However, supporters of the proof-of-work change believe it is a necessary check and balance on miners 'power to ensure that the network is consistent with the consensus of node operators and users, rather than driven solely by the financial interests of the mining pool.
Community response and impact
Reactions to the Jeddah statement were mixed. Some community members see it as a pragmatic step to maintain the integrity of the network, while others worry about the divisive nature of the action. The debate over BIP-110 and emergency plans highlights ongoing philosophical differences within Bitcoin about the future direction. As the network continues to evolve, the results of this proposal may set a precedent for the implementation and enforcement of protocol changes, which in turn will affect Bitcoin's long-term scalability and usability.
Conclusion
Chris Gedda's preparation of proof-of-work change codes for Bitcoin Knots is a clear reminder that Bitcoin governance is not only a technical process, but also a political process. Although the contingency plan may never be activated, its very existence suggests that some developers are willing to take extreme measures to maintain their vision for Bitcoin. Currently, the community is waiting for the miners 'decision on BIP-110 and knows that the road ahead will affect the development of the network for years to come.
FAQs
Question 1: What is BIP-110?
BIP-110 is a Bitcoin improvement proposal that aims to reduce the amount of data that can be stored in Bitcoin transactions, particularly for non-monetary uses such as ordinal protocols, to keep the blockchain focused on financial transactions.
Question 2: What is a proof-of-work change?
The proof-of-work changes will change the mining algorithm used to secure the Bitcoin network. If activated, it could effectively replace the current mining network and instead support the required protocol rules as a last resort to enforce soft forks.
Question 3: How does this affect Bitcoin users?
If the contingency plan is activated, it may cause the chain to split, resulting in two Bitcoin versions. This may cause temporary chaos, potential replay attacks, and market volatility, but it also strengthens the principle that miners must respect the consensus of node operators.
