Foundry USA Launches BIP-110 Voting Among Bitcoin Mining Customers

Foundry USA, the world's largest Bitcoin mining pool, initiated a voting process among its mining customers on Bitcoin Improvement Proposal (BIP-110) support, with the voting window closing at Bitcoin block 961,632 or sometime in early August. The pool is seeking input on whether to signal support for the soft fork proposal, which aims to shrink transaction data capacity to limit non-monetary transactions such as Ordinals on the Bitcoin network. BIP-110 has emerged as one of the most actively debated Bitcoin proposals, facing vocal opposition from industry leaders including Blockstream CEO Adam Back and Strategy executive chairman Michael Saylor, who raised concerns about potential fund freezing and transaction invalidation risks.

Foundry Initiates BIP-110 Voting Process

Foundry USA began asking mining customers to vote on how the pool should signal on BIP-110. The pool released educational resources on the proposal to inform voting decisions. Mining clients can cast their votes by accessing a link received via email. The voting window will close at Bitcoin block 961,632, or sometime in early August.

BIP-110 proposes a soft fork to shrink how much data can be stored in Bitcoin transactions, specifically targeting non-monetary transactions such as Ordinals on the Bitcoin network.

Industry Leaders Oppose BIP-110

BIP-110 is currently among the most actively debated Bitcoin proposals. Blockstream CEO Adam Back voiced opposition to the proposal, stating that BIP-110 could be used to freeze user funds. Strategy executive chairman Michael Saylor also criticized the proposal, saying that BIP-110 could invalidate ordinary transactions on the network.

Cointelegraph has approached Foundry for comment on the matter.

Foundry Controls 23.8% of Bitcoin Network Hashrate

Foundry is the world's largest Bitcoin mining pool, accounting for about 23.8% of the Bitcoin network's total hashrate, according to data provider Hashrate Index.

FAQ

What is Foundry USA asking Bitcoin miners to vote on?

Foundry USA is asking its mining customers to vote on how the pool should signal on Bitcoin Improvement Proposal (BIP-110), a soft fork proposing to shrink transaction data capacity to limit non-monetary transactions like Ordinals on the Bitcoin network.

When does the voting window for BIP-110 close?

The voting window will close at Bitcoin block 961,632, or sometime in early August. Foundry's mining clients can cast their votes by accessing a link received via email.

Why do industry leaders oppose BIP-110?

Blockstream CEO Adam Back stated that BIP-110 could be used to freeze user funds, while Strategy executive chairman Michael Saylor said the proposal could invalidate ordinary transactions on the Bitcoin network.