Bitcoin Mining Pool Foundry Launches BIP-110 Vote Among Its Customer Base
Leading Bitcoin mining pool Foundry USA has initiated a voting process among its mining clients regarding BIP-110, a controversial proposal aimed at reducing the volume of data permitted within individual Bitcoin transactions.
Mining pool operator Foundry USA has commenced soliciting input from its mining client base on their preferred stance regarding Bitcoin Improvement Proposal (BIP-110), which represents a soft fork that would reduce the volume of data permissible within Bitcoin transactions with the aim of restricting non-monetary uses, including Ordinals, from operating on the Bitcoin blockchain.
The mining pool operator, which commands the largest share of hashrate globally, has additionally published educational materials explaining the proposal and announced that the voting period will conclude at Bitcoin block 961,632, anticipated to occur during the first weeks of August.
Mining clients of Foundry can submit their voting preferences through a dedicated link that was distributed to them by email.
BIP-110 stands as one of the most vigorously contested Bitcoin enhancement proposals at present. The proposal has attracted significant criticism from prominent industry figures, including Adam Back, CEO of Blockstream, who warned that BIP-110 might enable the freezing of user funds.
Michael Saylor, who serves as executive chairman at Strategy, has likewise expressed criticism of the proposal, warning that BIP-110 has the potential to invalidate ordinary transactions on the network.
Cointelegraph has approached Foundry for comment on the matter.
Foundry holds the position of the world's largest Bitcoin mining pool, controlling approximately 23.8% of the Bitcoin network's total hashrate, based on information from data provider Hashrate Index.