PANews March 3 News, according to CoinDesk, the first block supporting the BIP-110 proposal was mined by Ocean Pool on the Bitcoin network this week. The proposal aims to temporarily soft fork to limit arbitrary non-financial data in blockchain transactions over approximately one year. Supporters believe this can curb “junk” data occupying block space, protect Bitcoin’s role as a robust monetary infrastructure, and reduce the burden on node operators. The proposal has sparked intense debate within the community. Critics like Blockstream CEO Adam Back warned that intervention at the consensus layer could damage Bitcoin’s credibility, lead to differentiated treatment of transactions, and violate the principle of transaction capacity neutrality. He also questioned the actual support for the proposal, suggesting it could increase the risk of blockchain splits.
The controversy escalated further when a developer embedded a 66KB image in a Bitcoin transaction to oppose the core claims of BIP-110, demonstrating that large amounts of data can be encoded even without relying on OP_RETURN. This debate highlights long-standing ideological differences within the Bitcoin community: whether to firmly defend Bitcoin’s pure monetary identity or to maintain maximum neutrality regarding arbitrary uses at the base layer.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
A certain CEX saw its market value shrink by more than 50% this year and cut 30% of its workforce. It is reportedly considering converting the founders’ loans into equity.
A major cryptocurrency exchange’s market value has fallen by more than 50%, it has laid off 30% of its staff, and it is considering asking the founders to forgive several hundred million dollars in loans. It lost $585 million last year, plans to exit multiple markets, and senior executives have stepped down. The Winklevoss brothers have not yet said whether they support the proposal.
GateNews59m ago
Bitcoin Depot Discloses $3.6M BTC Theft After Hack on Settlement Accounts
Bitcoin Depot reported a security breach where hackers stole 50.9 BTC, worth approximately $3.6 million, by compromising internal settlement account credentials. This incident highlights vulnerabilities in crypto companies' operational infrastructure, emphasizing the need for enhanced security measures.
CryptoNewsFlash2h ago
The U.S. government transferred 2.4 Bitcoins to a certain CEX address.
Gate News update, April 11, according to Arkham data, about 8 hours ago the U.S. government address transferred a total of approximately 2.438 BTC to a certain CEX address in two transactions, of 0.46 BTC and 1.979 BTC, respectively. The related funds belong to the Bitcoin that was previously seized by law enforcement from Glenn Olivio.
GateNews3h ago
Strategy bought 3,468 BTC via STRC perpetual preferred stock at today’s early morning hours.
Gate News update: On April 11, Strategy (formerly MicroStrategy) led by Michael Saylor purchased 3,468 BTC early this morning through its perpetual preferred stock STRC（Stretch）.
GateNews3h ago
Thailand Tightens Crypto Rules While Expanding Bitcoin Products
Hidden Funders Face Shareholder-Level Scrutiny
Thailand is moving to tighten control over crypto ownership structures while expanding regulated market access. Authorities plan to track hidden financiers and restrict illicit capital flows. At the same time, regulators are opening pathways for
CryptoBreaking3h ago
