Foundry USA Pool launches voting on BIP-110: what this means for Bitcoin
The largest mining pool in the Bitcoin network, Foundry USA Pool, has officially opened the voting process for the BIP-110 proposal. Pool clients are invited to express their position through a special email form available on the page with a detailed description of the initiative.
BIP-110 is a proposed soft fork aimed at limiting arbitrary non-monetary data that can be included in blockchain transactions. Specifically, it involves introducing limits for the OP_RETURN field and other channels used for data transmission. If the proposal is adopted, it will significantly impact the Ordinals ecosystem and other protocols that actively use the Bitcoin blockchain for data storage.
The voting window will close at block #961,632, which is tentatively scheduled for early August. Given that Foundry's share of Bitcoin's total hashrate exceeds 22% (according to Hashrate Index data), the results of this vote will carry significant weight. However, it is worth noting that the vote is indicative — it reflects sentiment among miners but is not binding.
Expert commentary: The BIP-110 initiative is a direct response to the growing strain on the Bitcoin blockchain from non-monetary data. If the proposal is supported, it could reduce fees for simple transactions but simultaneously impact protocols such as Ordinals. In the short term, the market is likely to react with volatility, especially if the vote shows a strong majority in favor of adopting BIP-110.