BIP-110 Minority Chain Restarts With Blake2b
The BIP-110 minority chain has restarted after stalling on 8 August and has mined more than 800 blocks. Bitcoin developer Luke Dashjr changed the chain’s proof-of-work algorithm from SHA-256d to Blake2b and reduced the block-size limit to 300 KB. The chain originally split from Bitcoin at block height 961,632. It later stalled, before Silent Wave mined a block at height 961,640 under the new Blake2b consensus rules. BIP-110 developers expect to release updated software on 1 September. The BIP-110 chain has no confirmed centralized-exchange listings, and CoinGecko and CoinMarketCap do not display a token symbol for its asset. Developer Chris Guida said the project rejects centralized KYC exchanges and supports obtaining and using Bitcoin through goods and services. For traders, the restart is primarily a technical and governance development rather than a direct market catalyst. Low liquidity, limited exchange access and the absence of a recognized ticker increase execution and valuation risks.
Neutral
The expected market impact is neutral. The BIP-110 minority chain restart is a niche network event with no reported centralized-exchange listing, no recognized token ticker and limited apparent liquidity. These factors reduce its ability to create immediate buying pressure or materially affect Bitcoin’s spot market. The Blake2b transition and smaller 300 KB block limit may improve the project’s ability to continue producing blocks, but they also represent a significant consensus change and could increase technical and coordination risks. Historically, minority Bitcoin forks and relaunches have generally generated short-lived speculative interest when assets receive exchange support; without listings or reliable price discovery, trader participation tends to remain limited. In the short term, volatility could rise within any informal or over-the-counter market, while Bitcoin itself is unlikely to react strongly unless the fork causes a broader dispute over network governance or mining support. In the long term, adoption, software stability, hash rate, exchange access and real-world usage will determine whether BIP-110 develops meaningful value. Traders should treat the asset as highly illiquid and monitor the 1 September software release, chain continuity and any changes in market infrastructure.