Inscriptions

Bitcoin’s BIP-110 proposal sought to temporarily restrict certain non-financial data on the blockchain, but it instead became a major test of Bitcoin governance. With limited miner backing and sharp criticism from prominent industry voices, the proposal now appears unlikely to move forward.

Bitcoin’s controversial BIP 110 proposal is approaching an early August deadline with miner support at zero in the current signaling period. The plan seeks to restrict arbitrary data on Bitcoin for one year, but prominent critics argue it could turn a spam dispute into a damaging consensus battle.