ChainThink report: Bitcoin developer Kevin Loaec warns that if a Bitcoin fork related to the controversial BIP-110 proposal occurs this weekend, holders may face the risk of genuine BTC being drained when selling forked chain tokens.

Reports indicate that in the event of a Bitcoin split into two chains, users' BTC balances could simultaneously exist on both chains. Due to the initial lack of replay protection on both chains, transactions signed during the sale of forked tokens might be replayed onto the original Bitcoin network, causing buyers to receive equivalent amounts of genuine BTC alongside the forked tokens.

Loaec stated that until the safe segregation of assets across the two chains is clearly understood, the most prudent approach is to refrain from moving BTC, as unmoved BTC remains unaffected by replay attacks.

This risk stems from the BIP-110 proposal, which aims to restrict inclusion of non-payment data—such as images and text—within Bitcoin transactions.

Due to insufficient miner support, software implementing BIP-110 may begin rejecting non-compliant blocks starting at the anticipated block height of 961,632 this weekend, potentially resulting in a competing fork to the main chain.

The current miner signal support rate for BIP-110 stands at approximately 2.6%, leaving the actual formation of a fork uncertain. The proposed transaction restrictions are expected to take effect formally around early September.