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BTC External threats such as quantum computers and security breaches continue to impact Bitcoin, but the most imminent danger comes from within. The network is about to cross block 961632, triggering the mandatory window period for BIP-110. Miners have chosen sides, and developers are waving threats of algorithm changes. The entire crypto world waited with breath.
In short,
Miners 'support for BIP-110 only remains at 2.59%, far from reaching the 55% threshold required for activation. Core Bitcoin developers have threatened to change the proof-of-work algorithm in response to miners 'obstruction. MARA Pool dug up a block with Pepe's image as a provocation to reform supporters. Australia exchanges Bitaroo and Hardblock have announced emergency plans when the network splits.
Block 961632: A countdown that scares miners
This weekend will be decisive for the Bitcoin ecosystem. The mandatory window period for BIP-110 opened at block 961632, which rekindled the old shadow of the 2017 war period. The case was pushed by Bitcoin's core developers and aims to reduce non-financial data in Bitcoin transactions. The ordinal number theory and other inscriptions may face an end. However, the miners did not buy it. The support rate is only 2.59%, which is negligible. Of the 1818 blocks, only 47 expressed support. The 55% threshold seems out of reach, as Michael Siler points out. MARA Pool even dug up a block with Pepe's image, which is tantamount to giving reform supporters the middle finger. "Really, Mara? Is that what you use 3.85 MB for? That's not what people use Slipstream for..."one user protested on the X platform. Major mining pools such as Antpool, F2Pool, and ViaBTC remained silent, with only a few smaller mining pools such as SoV or Roughnecks expressing support. The exchange is ready for the worst.
Core options: Restrain runaway miners by changing proof of work
Faced with the obstruction of miners, the developers resorted to heavy weapons. Chris Gedda has prepared code that allows changes to Bitcoin's proof-of-work algorithm. This emergency measure, based on Luke Dasher's 2017 code, will make existing ASIC miners obsolete on the new chain. This is no different from an earthquake for the mining industry. "This is just a spare code at hand, in case miners betray Bitcoin, activate it later." Jeddah said on the X platform. Luke Dasher pointed out more pointedly: "The core coin is the fraud coin." The initial mining difficulty of the new chain will be reduced by a million times, allowing ordinary computers to participate in mining. The code already exists, but an activation date has not been set. Options include SHA-256, SHA-256d, RIPEMD-160, and HASH160. Such a measure would spawn a minority cryptocurrency with fragile infrastructure, a prospect that has divided the crypto community.
Bitcoin Soul Battle: Ordinal Theory vs Pure Trading
The BIP-110 conflict resurfaces a fundamental question: What is Bitcoin for? Is it a purely financial transaction network or an untamperable data repository? Proponents of ordinal number theory and runes want to use block space to store images, text, and anything that can be crammed into transactions. Defenders of BIP-110 argue that this approach deviates from Bitcoin's original mission. The area with Pepe's image dug out by MARA Pool is a naked provocation. "Don't run on my node," one user responded, summarizing the position of reform supporters. Start9 closed its lightning channel to prevent network division. Australia exchanges Bitaroo and Hardblock have announced emergency plans. "Is this like creating another BCH, BSV or something?" One user expressed widespread concerns. Comments on Platform X range from concern, sarcasm to resignation.
Key Data for BIP-110 Deadline
Bitcoin Current Price: US$64,901
Miner Support Rate: 2.59%(47/1818)
Required Threshold: 55%(1109/2016)
Starting block: 961632
Planned activation block: 965664
Eye of the Storm: Bitcoin price is stable, but survival issues are unresolved
Despite the threat of division, bitcoin prices remained stable at around $64,000. Markets seem to ignore the conflict or wait for a clearer signal before responding. Mandatory windows could force miners to take a stand. If a split occurs, users will have to choose between the two chains. Some accuse Jeddah and Dasher of wanting to create a new "junk coin", while others believe that miners are betraying Bitcoin by refusing to support BIP-110. Bitcoin governance has reached a turning point. Will economic nodes impose their own rules on miners? Will miners continue to control the network? The battle for the soul of Bitcoin has never been so fierce. What is certain is that the outcome of this conflict will redefine the rules of crypto governance for years to come. Quantum threats are looming over Bitcoin, and some analysts worry about the network's strategic lag. As the BIP-110 conflict divides communities, the entire crypto industry waits with breath. Division may be inevitable. Bitcoin will survive, but at what cost?
