Foundry Digital, the world’s leading Bitcoin mining pool operator, said it will allow mining customers how to reference the pool on BIP-110.
The Rochester, New York-based company said Friday in an email to miners that they will be able to vote using their hash rate — literally computing power — to vote either for or against the proposal.
BIP-110, or Bitcoin Improvement Proposal 110, It is a suggestion It aims to temporarily restrict spam on the blockchain. If the order goes through, a soft fork – a backward-compatible rule change – will take effect, limiting the amount of cashless data on the network.
“As miners, it is important for you to have a voice and participate in the governance of the network.” foundry He said in his announcement.
“It is one of the most actively discussed proposals in Bitcoin right now, and miners play a direct role in revitalizing it,” the company added.
This proposal, also known as a “temporary low data soft fork,” would put a limit on the amount of arbitrary, non-monetary data that transactions could carry.
Its rules end Most new outputs are up to 34 bytes, restore the 83-byte limit for OP_RETURN output, and reject data longer than 256 bytes.
Those who support this proposal say that a soft fork would allow Bitcoin to operate as pure peer-to-peer money.
But opponents Included It turns a political dispute into a consensus change that could invalidate transactions that pay fees, say the strategy’s founder Michael Saylor and Blockstream co-founder Adam Back.
Foundry process
Under the Foundry process, each vote carries a weight based on the 10-day average hash rate of an account in the pool between July 6 and July 15. Foundry said it will signal based on a majority of hashrate-weighted votes across the signal period, which it expects to last until early August at block 961,632.
The company’s principled position is no. Until “yes” votes exceed 51% of the voting hash rate, Foundry signals “no” with all its blocks, she said. Exceeding this threshold turns the pool into “yes” with all its blocks.
Foundry controls about a third of the network’s hash rate, a share that makes its position important to the outcome. Analysts at BGeometrics It has been identified Foundry and Antpool’s decisions are able to move daily signals into a meaningful range. A mandatory signaling window near block 961,632, expected in early August, will force the question before the activation timeline closes.
Accounts that do not respond are counted as “no” votes. Owners can change their selection while the window remains open, and individual votes remain confidential, though overall results can be shared, Foundry said.
