Foundry USA Calls for Bitcoin Miner Vote on BIP-110 Protocol Upgrade

Key Facts

In a move reflecting the ongoing evolution of Bitcoin network governance, Foundry USA has initiated a voting process for its mining participants to gauge support for the BIP-110 protocol upgrade. According to reports, the company asked its mining customers to signal their support for the proposal, which seeks to shrink the amount of data stored within Bitcoin transactions. This measure aims to improve network efficiency by addressing issues related to non-financial data stored on the blockchain.

This action comes amid a broad debate within the mining sector regarding block space management, as BIP-110 is a debated proposal aimed at limiting non-financial data such as Ordinals and Inscriptions. As a major mining pool, Foundry USA's voting results are significant for determining the future direction of blockchain efficiency and transaction costs. This procedural step relies on the company's desire to measure miner sentiment before proceeding with support for the proposed technical changes.

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