PANews March 3 News, according to CoinDesk, the first block supporting the BIP-110 proposal was mined by Ocean Pool on the Bitcoin network this week. The proposal aims to temporarily soft fork to limit arbitrary non-financial data in blockchain transactions over approximately one year. Supporters believe this can curb “junk” data occupying block space, protect Bitcoin’s role as a robust monetary infrastructure, and reduce the burden on node operators. The proposal has sparked intense debate within the community. Critics like Blockstream CEO Adam Back warned that intervention at the consensus layer could damage Bitcoin’s credibility, lead to differentiated treatment of transactions, and violate the principle of transaction capacity neutrality. He also questioned the actual support for the proposal, suggesting it could increase the risk of blockchain splits.
The controversy escalated further when a developer embedded a 66KB image in a Bitcoin transaction to oppose the core claims of BIP-110, demonstrating that large amounts of data can be encoded even without relying on OP_RETURN. This debate highlights long-standing ideological differences within the Bitcoin community: whether to firmly defend Bitcoin’s pure monetary identity or to maintain maximum neutrality regarding arbitrary uses at the base layer.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin’s Next Targets: Why $65K and $58K Matter Right Now
$65K marks the previous all-time high and key resistance zone.
$58K aligns with the historically reliable 200-week SMA support.
Position within the range matters more than timing exact bottoms.
Bitcoin is at a defining moment in this cycle. The price of BTC has climbed back to a level ma
CryptoNewsLand2m ago
Bitcoin Recovers to $70,100 After Iran Conflict as Hyperliquid Commodity Perpetuals See Record Trading Volume
Bitcoin experienced a round-trip price movement over the weekend of March 1-2, 2026, initially dropping to approximately $63,000 following news of U.S. strikes on Iran before recovering to trade near $70,100 on March 2, up 6.7% from weekend lows.
CryptopulseElite14m ago
Wall Street Sounds Inflation Alarm Over Iran Situation — What It Means for Cryptocurrency
Due to the Iran situation driving oil prices to soar, market inflation concerns have reignited, leading to a significant rise in U.S. Treasury yields. Yellen and Dimon warn that the Federal Reserve may keep interest rates unchanged at high levels, which puts pressure on risk assets and the cryptocurrency market. The key to the future lies in the duration of the Strait of Hormuz situation. If the conflict is brief, the impact will be limited; but if it persists, it could lead to long-term high inflation and Fed tightening policies.
TechubNews23m ago
Iran Conflict Poses Limited Risk to Bitcoin Hashrate, Despite $7.8 Billion Crypto Sanctions Workaround
Industry analysts and mining operators say the escalating U.S.-Israel conflict with Iran is unlikely to materially disrupt the global Bitcoin network, countering social media speculation about potential hashrate collapse and large-scale BTC sell-offs.
CryptopulseElite1h ago
CEXt-Linked Whale Opens 20x Leveraged Long Position on 400 BTC Worth $27.3M
Gate News bot message, a whale associated with #CEXt, currently holding a 120,000 $ETH ($241M) long position, has opened another 20x leveraged long position on 400 $BTC valued at $27.3M. According to Lookonchain's earlier report on February 25, 2026, ETH returned above $2,000, and this #CEXt-linked
GateNews2h ago
Tennessee Bitcoin Reserve Bill has been submitted to the Finance, Fundraising, and Means Committee for review
PANews March 3 News, according to Cointelegraph, the "Strategic Bitcoin Reserve Act" in Tennessee has been recommended for approval and has been submitted to the Finance, Fundraising, and Means Committee for review. If the bill is passed, it will allow the state treasurer to allocate up to 10% of public funds to Bitcoin.
GateNews2h ago