The BIP-110 signaling period is expected to end in four weeks at Bitcoin block height 965,664, and the community is about to face a critical decision.

According to CoinDesk, the controversial BIP-110 soft fork proposal initiated the signaling window at Bitcoin block height 961,632 at approximately 3:35 AM Beijing Time early this Sunday morning (UTC 19:35), officially entering the mandatory signaling phase. The proposal aims to temporarily restrict non-financial data from being written to the Bitcoin blockchain, but currently the miner support rate is extremely low, with the proportion of supporting miners far below the 55% activation threshold required by the proposal.