Protocol Changes

Bitcoin Faces Its BIP110 Deadline — Three Ways the Split Could Play Out

The article analyzes three potential outcomes for Bitcoin's BIP110 protocol change, which aims to cap OP_RETURN sizes and reduce data on the blockchain. The author, who believes BIP110 is damaging, outlines scenarios ranging from minimal miner signaling leading to usability issues for Bitcoin Knots users, to widespread signaling that could result in a chain split, or a significant minority signaling that creates two separate, permanent blockchains. The implications for users, including potential naming battles and lack of replay protection, are also discussed.