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Bitcoin sees increase in heavy data blocks after BIP-110 failure

An attempt within the Bitcoin community to restrict non-financial data on the blockchain has resulted in an increase in data-heavy blocks. The BIP-110 soft fork, which aimed to cap non-transactional data to reduce network load, failed to reach consensus.

Following this failure, Bitcoin block 962266 demonstrated a significant shift in block composition. Data visualizations show that standard monetary transfers occupied only a small portion of the block, while the majority of the space was filled with NFT inscriptions and custom scripts. While critics labeled this content as “garbage and spam,” proponents argue it reflects the nature of an open network.

David Schwartz, CTO Emeritus of Ripple and chief architect of the XRP Ledger, commented on the development. Schwartz argued that on public blockchains, personal judgments regarding individual transactions are inconsequential. He maintained that as long as users pay transaction fees commensurate with the resources they consume, the economic balance of the network remains intact. He warned that attempting to regulate how block space is used could move decentralized structures closer to traditional banking systems.

Entities

Bitcoin · David Schwartz · Ripple · XRP Ledger