Foundry's BIP-110 Vote Tests Miner Consensus
Foundry USA, which controls about a third of Bitcoin’s hashrate, opened a hashrate-weighted vote on whether to signal support for BIP-110, counting non-responses as No and requiring 51% of participating hashrate to switch to Yes; the voting window runs until early August at block 961,632. The proposal would temporarily cap non-monetary data in blocks to curb Ordinals, but critics warn it could freeze funds or invalidate ordinary transactions, and current support is well under 1%, leaving activation unlikely despite Foundry’s potential influence.
Finance · 6 sources · Jul 22, 2026Read itThe journal
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About Adam Back
Adam Back is a British cryptographer and cypherpunk. He is the CEO of Blockstream, which he co-founded in 2014. He invented Hashcash, which is used in the bitcoin mining process. An investigation by The New York Times suggested that he may be Satoshi Nakamoto, the pseudonymous inventor of bitcoin, though Back has denied this claim.
Everything about Adam Back →- Occupation
- cryptographer, businessperson, piemellikker
- Citizenship
- United Kingdom
- Born
- July 1970, 1970
- Website
- http://www.cypherspace.org/adam/