News
Public · Published
Bitcoin Nears Chain Split as BIP-110 Rebels Defy Global Hashpower
Bitcoin is approaching a possible chain split at block 961,632 as BIP-110 backers prepare to enforce rules that have minimal support from the network's computing power. The mandatory signaling phase starts in about 343 blocks, with only 41 signals recorded so far.
Published:
Updated:
What happened
Bitcoin is approaching a possible chain split at block 961,632 as BIP-110 backers prepare to enforce rules that have minimal support from the network's computing power. The mandatory signaling phase starts in about 343 blocks, with only 41 signals recorded so far.
Confirmed
Global impact / market context
A chain split could create two separate Bitcoins, confusing users and affecting the value of their holdings. Investors might see price swings as the market reacts to uncertainty about which chain will be accepted.
Analyst inference
Bitcoin's price and trading activity could become volatile as the split approaches. If the rebel chain gains traction, it might draw some computing power away, potentially slowing transactions and increasing costs for users.
Analyst inference
What to watch
- Watch for the block height reaching 961,632, which triggers the mandatory signaling phase for BIP-110. This is a confirmed event based on the article's timeline. Confirmed
- Monitor the number of signals on the bip110.org dashboard. If support grows significantly, the likelihood of a split increases, but this is a proposed observation. Proposed
- Observe Bitcoin's price and trading volume around the split date. A split could cause uncertainty, leading to price drops or spikes as investors react to the news. Analyst inference
Affected assets
- BTC — Bitcoin