Bitcoin Developer Luke Dashjr Rejects Calls to Withdraw BIP-110 Proposal

BTC-1.58%
Bitcoin developer Luke Dashjr rejected calls to withdraw BIP-110, the proposal designed to temporarily limit arbitrary data stored on the blockchain. Responding to suggestions that billionaire Michael Saylor's recent comments supported abandoning the proposal, Dashjr clarified that Saylor "didn't say anything about BIP110" and stated it was "too late to cancel BIP110." Known as the Reduced Data Temporary Softfork, BIP-110 aims to restrict certain forms of data in Bitcoin transactions while keeping older coins unaffected. At press time, BTC was trading at $62,080 after falling more than 1% in the past 24 hours.
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