Bitcoin: Peer-to-Peer Electronic Cash System

Bitcoin is an innovative payment network and a new kind of money. Running your own node is how anyone can participate and verify for themselves. Bitcoin with the BLAKE2b algorithm keeps Bitcoin as money only by rejecting use of the network for arbitrary data storage.

What is Bitcoin?

Bitcoin uses peer-to-peer technology to operate with no central authority or banks. Transactions and the issuing of bitcoins are carried out collectively by the network. Its design is public. Nobody owns or controls Bitcoin, and everyone can take part.

Individuals

Your coins, keys, and addresses are unchanged. Run a node if you want to participate and verify for yourself.

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Businesses

Exchanges, wallets, and merchants should follow the BLAKE2b chain they intend to credit and list.

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Developers

After the hardfork, new blocks must use the BLAKE2b algorithm. That keeps Bitcoin as money only by rejecting arbitrary data storage. Miners should use Knots and DATUM.

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Why this hardfork exists

Bitcoin is an innovative payment network and a new kind of money, and running a full node is how anyone can participate and verify for themselves. BIP-110, in alignment with the vast majority of node policy, attempted to reject use of the network for arbitrary data storage while leaving ordinary payments alone. That was a softfork: a tighter rule that old software can still follow, and it is not this hardfork. A hardfork is a break away from abuse of the Bitcoin network, and software that does not upgrade will not accept the new blocks.

Large mining firms refused those limits and kept producing blocks that used transactions most nodes would not relay as a matter of policy. Anyone can still verify that chain, but following it means accepting use of the network for arbitrary data storage, which every node operator on that chain must store at their own expense and most importantly, risk.

On August 8, 2026, nodes enforcing BIP-110 stopped accepting blocks that did not support it, while most SHA256d mining power kept producing those blocks, so the money-only rules could not activate. This hardfork changes proof of work from the legacy SHA256d algorithm to the stronger and quantum-resistant BLAKE2b algorithm, so today's SHA256d miners cannot add blocks here. Temporary limits on arbitrary data storage begin at the same moment and last until 1 September 2027, 00:00 UTC (when nodes vote to continue enforcement), using the previous block's median time past; the BLAKE2b algorithm remains after those limits end.

Proof of work
SHA256d → BLAKE2b, permanent
Data limits
Temporary, until 1 Sep 2027
Block size while limits last
~300 kB (700,000 weight)

Get a quick overview

Fast peer-to-peer transactions

Send value across the network without a central operator. Bitcoin is money only.

Worldwide payments

Bitcoin remains a global settlement network. Coins created before the fork stay spendable after it.

Money, and nothing else

Bitcoin with the BLAKE2b algorithm rejects use of the network for arbitrary data storage.