Bitcoin: The BIP-110 Fiasco Triggers an Internal Governance Crisis

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The BIP-110 proposal to restrict methods of inscribing arbitrary data in Bitcoin transactions has failed after creating a minority chain that produced only two blocks before stopping at block 961,633. Only 51 out of 2,016 blocks (2.53%) supported the proposal, far below the 55% threshold required to avoid a chain split. Bitcoin Core developer and BIP Editor Mark « Murch » Erhardt is demanding the removal of Luke Dashjr from the BIP Editors group, accusing him of conflict of interest in handling the proposal he actively contributed to. The main Bitcoin chain was not affected by this technical failure, and ordinary transactions and BTC holdings remained unchanged. The debate has now shifted from the protocol itself to governance, with the BIP Editors team currently comprising six members and no clear mechanism to remove any of them.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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