Bitcoin Rejects BIP-110 Fork With 99.85% Hashpower Against Proposal
Bitcoin’s decentralized consensus mechanism faced a critical test on August 9 when BIP-110, a controversial soft fork designed to restrict data-heavy transactions, spectacularly failed after producing just two blocks before the overwhelming majority of miners abandoned the chain. The failed fork demonstrates that Bitcoin’s network remains firmly unified against the proposal, with 99.85% of hashing…