On August 1, blockchain data revealed that Bitcoin Improvement Proposal 110 did not reach the required 55% miner signaling threshold for voluntary lock-in during the current difficulty period.
Michael Saylor, Executive Chairman at Strategy, analyzed 1,108 blocks as of August 2 and found only 28 signaling blocks, representing a mere 2.53% support.
All 24 initial signals came exclusively from DATUM miners collaborating through OCEAN’s reward-sharing system, with no outside miners signaling, making the prospect of reaching 1,109 signaling blocks impossible before the difficulty period ends.
Saylor emphasized this shortfall means the 55% voluntary lock-in target is mathematically unattainable this cycle and cannot be considered a consensus among miners.
The BIP-110 proposal, officially named the Reduced Data Temporary Softfork, intends to impose temporary limits on Bitcoin transaction data. This includes restricting new output scripts to 34 bytes, capping OP_RETURN data outputs at 83 bytes, and limiting certain data pushes to 256 bytes. Some Taproot features would also see temporary constraints, while pre-activation outputs remain unaffected.
Mandatory signaling is set to begin at block 961,632, when enforcing nodes will reject any non-signaling blocks as invalid, but for now, the voluntary phase clearly lacks broad support.
This is informational content, not financial advice.
