Foundry asks Bitcoin miners to vote on BIP-110 support
Cointelegraph 2026-07-22 10:29:42
Context: Foundry USA has requested its Bitcoin mining customers to vote on supporting BIP-110, a proposal aimed at reducing the amount of data that can be stored in a Bitcoin transaction. The vote is a significant development in the ongoing debate about the proposal.
Key Facts
- Foundry USA, a leading Bitcoin mining pool, has asked its customers to signal their support for BIP-110, a proposal that seeks to shrink the amount of data that can be stored in a Bitcoin transaction.
- BIP-110 is an actively debated proposal within the Bitcoin community, with proponents arguing that it would help optimize block space and reduce transaction fees.
- The proposal, if implemented, would introduce a new rule that would limit the size of certain data fields in Bitcoin transactions, potentially leading to increased efficiency and lower costs for users.