Blockstream CEO Adam Back criticized Bitcoin Improvement Proposal 110 (BIP-110), which sought to limit non-financial data in Bitcoin transactions. The proposal failed to secure sufficient miner support, leading to a minority blockchain split in August and minimal node enforcement as of November. Back argues that attempts to impose such rule changes are rejected by the market and that BIP-110 had serious technical flaws. The proposal is now closed, highlighting ongoing resistance to changes that could affect Bitcoin's neutrality and consensus rules.
Adam Back's criticism of BIP-110 comes as a backdrop to a cryptocurrency market where only 7 of 50 major cryptocurrencies traded on Pluang rose today. For readers following the crypto market, here is Pluang's snapshot as of Nov 03, 2026 16:41 WIB: SXP (Solar) dropped sharply by 46.27% to Rp37 with a typical hold time of 94 days, while BAL (Balancer) and EOS (EOS.IO) gained 11.14% and 8.13% to Rp16,297 and Rp12,649 respectively, with typical hold times of 85 and 87 days.
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