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BIP-110 Supporters Prepare PoW Switch If Miners Refuse Soft Fork Plan
Bitcoin developer Chris Guida revived code that could change the mining algorithm on a separate BIP‑110 blockchain if miners reject the planned soft‑fork upgrade, aiming to keep the chain active.
Published:
Updated:
What happened
Bitcoin developer Chris Guida revived code that could change the mining algorithm on a separate BIP‑110 blockchain if miners reject the planned soft‑fork upgrade, aiming to keep the chain active.
Confirmed
Global impact / market context
If miners block the soft‑fork, the PoW swap would move mining hardware to a new algorithm, shifting mining revenue and costs, which could reduce security on the main Bitcoin chain and affect investor confidence in protocol upgrades.
Analyst inference
The activation height for BIP‑110 is approaching, creating uncertainty about which chain will dominate; a split could divert mining power and influence investor confidence in Bitcoin’s protocol upgrades.
Analyst inference
What to watch
- Whether miners formally reject the BIP‑110 soft‑fork, which would trigger the PoW swap plan. Proposed
- The activation height deadline for BIP‑110, as passing it without consensus could leave a minority chain stranded. Confirmed
- Community response to the code change, including developer and user support for a separate PoW chain. Proposed
Affected assets
- BTC — Bitcoin