Bitcoin Knots Advocate: BIP-110 Signaling to Begin in About 40 Hours

BitcoinWorld Bitcoin Knots Advocate: BIP-110 Signaling to Begin in About 40 Hours Bitcoin Knots advocate Dathon Ohm has stated that signaling for BIP-110 is expected to begin in approximately 40 hours.

BIP-110 is a proposal aimed at reducing the amount of data that can be stored in Bitcoin transactions, specifically targeting non-monetary uses such as Ordinals.

What is BIP-110 and Why It Matters BIP-110, short for Bitcoin Improvement Proposal 110, seeks to impose limits on the data embedded within Bitcoin transactions.

The primary goal is to curtail the use of the blockchain for storing arbitrary data, such as images or text, which has become popular with the rise of Ordinals—a protocol that allows users to inscribe data onto individual satoshis.