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Futures
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Launch
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As the mining pool Ocean generates the first block signal supporting BIP-110, the debate over Bitcoin governance intensifies. BIP-110 is a temporary soft fork proposal aimed at restricting transactions that include non-monetary data, with a duration of approximately one year. Supporters argue that this move can curb the use of "junk" block space, such as large inscriptions and OP_RETURN payloads, which they believe threaten Bitcoin's monetary function. Critics, including Blockstream CEO Adam Back, warn that such interventions could damage Bitcoin's reputation, lead to special treatment, and potentially cause a blockchain split. A developer writing a 66 KB image in a single transaction further escalated the debate, challenging the validity of the proposal.