Bitcoin’s controversial BIP-110 proposal is crumbling under its own weight. One top engineer reveals the harsh data miners can’t ignore.

Bitcoin’s real power is that anyone willing to pay fees can write to the ledger. BIP-110’s backers want to change that for data-heavy transactions. The backlash reveals what’s…

A proposal to restrict non-financial data on Bitcoin has split prominent developers, miners, and industry leaders ahead of a key deadline.