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🤓 What Is BIP-110 and Why Is Everyone Talking About It?
Over the past few weeks, the Bitcoin community has been actively debating BIP-110 – a proposal that has sparked heated discussions among developers, miners, and major BTC holders. But what exactly is it, and why has it become one of the most controversial Bitcoin proposals in recent years?
First, what is a fork?
Bitcoin is constantly evolving. Changes to the protocol are proposed through Bitcoin Improvement Proposals (BIPs). If a proposal is accepted and changes the network's validation rules, Bitcoin may adopt a new set of rules.
When the new rules remain compatible with older nodes, the upgrade is called a soft fork. Older nodes can continue operating, while newer nodes enforce additional restrictions.
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