BIP-110 is effectively dead:
BIP-110 wants to stop large amounts of data like Ordinals and BRC-20s from being stored on Bitcoin.
Supporters believe $BTC should mainly be used for payments, not as a data storage layer.
But changing Bitcoin's rules requires broad support from miners.
Right now, only around 2.7% of miners are signaling for BIP-110.
That's nowhere close to enough support.
If that doesn't change, Bitcoin continues operating under its current rules.
BIP-110 supporters could eventually end up on a separate chain.
And that chain would likely have very little adoption.
So for now, BIP-110 is effectively dead.
Michael Saylor (@saylor)
At 961,022, BIP-110 has 38 signals (2.70%). Its 55% voluntary threshold is impossible. At 961,632, BIP-110 nodes reject non-signaling blocks. Unless major miners reverse, Bitcoin continues normally while BIP-110 stalls or forks into irrelevance. Its backers should stand down.
— https://nitter.net/saylor/status/2084653839555219533#m