Key Takeaways On Aug. 8, BIP-110 failed after drawing only 2.5% miner support, triggering a chain split at block 961,632. Industry leaders like Leo Fan noted Bitcoin’s difficulty rules successfully halted minority forks. Disillusioned nodes using Bitcoin Knots are planning a hard fork to adopt a brand-new PoW algorithm. A Fracture in Node Sovereignty In the wake of the now-failed attempt to restrict non-financial data on the Bitcoin blockchain, prominent ecosystem voices, including BIP-110 proponent “Bitcoin Mechanic,” have declared that the protocol has suffered terminal “protocol capture” by centralized mining cartels. The fallout follows the Aug. 8 activation deadline for …