Bitcoin Splits into 2 Chains — Almost All Miners Reject It

The Bitcoin blockchain split into two last night. However, the new chain had almost no miner support and stopped progressing after just two blocks.

Key points to know:
• BIP-110 is a soft fork proposal aimed at limiting extra data in Bitcoin transactions.
• During the mandatory voting period, not a single block out of the first 59 supported it.
• The chain implementing BIP-110 got stuck at block 961,633 — 57 blocks behind the main chain.
• It requires 55% support for the proposal to activate. Currently, it only has 0.42%.

[Insight: The main chain is operating normally, so the BTC in your wallet is unaffected. What you should watch out for are scammers — whenever there is a fork, they claim there are “new coins” to claim. Never enter your Seed Phrase on any website. Trading on major exchanges is safer — Binance Ref GMK20 gets Fee Discount + Bonus.]