Bitcoin Fork Over BIP-110 Sees Low Hashrate, Price Unmoved
A contentious soft fork based on BIP-110 led to a Bitcoin chain split at block 961,632. The minority fork produced only two blocks in eight hours, falling 48 blocks behind the main chain by August 9, with minimal market impact.
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Bitcoin experienced a chain split on August 9 after proponents of BIP-110 implemented a soft fork, creating a separate branch at block height 961,632. The minority chain struggled to attract hashpower, mining only two blocks in the first eight hours.
By morning, the fork had fallen 48 blocks behind the main Bitcoin network, indicating a lack of significant support from miners. The split had negligible impact on Bitcoin’s market price, which remained stable throughout the event.
Source: ForkLog