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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InAs the activation deadline for the BIP-110 upgrade approaches at block 961,632, Adam Back has strongly criticized supporters of this controversial proposal. The proposal seeks to remove Ordinals inscriptions from the Bitcoin network for one year, risking a potential chain split if nodes begin rejecting non-compliant blocks. These criticisms come at a critical juncture with only three weeks remaining until the specified activation deadline.
This upgrade is causing a sharp divide within the crypto community, with opponents like Michael Saylor arguing that Bitcoin should remain a neutral base layer for data. According to market data, the lack of broad miner support reduces the likelihood of the upgrade's success, as activating a soft fork requires significant consensus to avoid a network split. Similar proposals in the past have faced stiff resistance from developers who fear restricting network functionality.
Traders should monitor technical developments as the target block height nears, as tensions surrounding a potential fork could lead to volatility in market sentiment. Looking at the economic calendar, investors are awaiting the release of U.S. Consumer Price Index (CPI) data on July 14, 2026, which may influence risk appetite in digital assets broadly, independent of the network's internal technical disputes.