Foundry USA has asked its mining customers to vote on their support for Bitcoin Improvement Proposal (BIP-110), which seeks to reduce the amount of data that can be stored in Bitcoin transactions. The proposal aims to limit non-monetary transactions, such as Ordinals, on the Bitcoin network.
As the largest mining pool by hashrate, Foundry has initiated the voting process and provided educational resources about BIP-110 to its clients. The voting window is set to close at Bitcoin block 961,632, which is expected to occur in early August.
Clients of Foundry can submit their votes through a link sent via email. BIP-110 has generated significant discussion within the industry, facing opposition from notable figures such as Blockstream CEO Adam Back. Back has expressed concerns that the proposal could potentially freeze user funds.
Michael Saylor, Strategy executive chairman, has also criticized BIP-110, indicating that it might invalidate ordinary transactions on the network. Cointelegraph has reached out to Foundry for further comments regarding the proposal.
As reported by Hashrate Index, Foundry accounts for approximately 23.8% of the total hashrate on the Bitcoin network, reinforcing its significant influence in the mining sector.
