BIP-110: How Bitcoin rejected a controversial update and why it matters

A significant event took place in the Bitcoin ecosystem a few days ago. I wrote an analysis for the Smarty Labs project blog, which you can view here Here is a plain-language summary and an explanation of why this matters. What happened . In early August 2026, there was an attempt to implement a rather controversial update to Bitcoin known as BIP-110. The proposal failed. The fact that it failed,…