BIP-110: Understanding the Threat Hanging Over Bitcoin Today

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The Bitcoin network reached the controversial block 961,632 on Saturday, beyond which Bitcoin Knots nodes will enforce BIP-110 and reject any block not signaling support for the soft fork. This UASF, aimed at limiting arbitrary data in transactions to curb ordinals inscriptions, requires 55 % miner signaling while the rate was stuck at 2.60 %, making activation mathematically impossible according to projections. The risk of a chain split, reminiscent of the 2017 block size wars, exposes holders to replay attack vulnerabilities, prompting Australian platforms like Bitaroo and Hardblock to prepare deposit and withdrawal suspensions. BIP-110 arrives in an already tense context following the Coldcard vulnerability, which drained over a thousand bitcoins and serves as a reminder that Bitcoin security never depends on a single weak link.

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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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