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BIP-110 restarts fork with 300 KB blocks
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BIP-110 restarts fork with 300 KB blocks

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  • BIP-110 supporters restarted the minority Bitcoin fork after a 23-day halt, mining more than 800 blocks.
  • The fork switched its proof-of-work system from SHA-256d to Blake2b and reduced blocks to 300 kB.
  • The fork remains absent from major centralised exchanges, while developers expect new software on September 1.

Bitcoin (CRYPTO:BTC) supporters behind BIP-110 restarted a minority fork after 23 days, with more than 800 blocks mined since relaunch.

The fork split from Bitcoin at block height 961,632 on August 8, but initially stalled under inherited network difficulty.

“‘Nah, the Blake chain is Bitcoin. Sha256 was never a defining feature of Bitcoin,’ said BIP-110 developer Chris Guida.”

The revived chain changed its proof-of-work from SHA-256d to Blake2b and reduced its block limit to about 300 kB.

Following the announcement, no share-price reaction applies because BIP-110 is a blockchain fork rather than a listed company or security.

The forked cryptocurrency is not listed on centralised exchanges, while CoinGecko and CoinMarketCap do not show a ticker for it.

BIP-110 supporters are expected to release new software on September 1, while the minority chain continues producing blocks under Blake2b.

At the time of reporting, Bitcoin price was $78,246.21.

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