Bitcoin Core developers confirmed they will remove the 80-byte data storage limit by October 30, opening up new possibilities for users.
What's New in the Update?
The update removes the 80-byte limit on OP_RETURN outputs, allowing transactions to contain up to 4MB of arbitrary data. This decision has resulted from community discussions and is potentially linked to an increase in embedded data volume.
Mining Centralization Concerns
The primary motivation for the changes is centralization pressure, as noted by Gloria Zhao, a core developer. She highlighted that when Bitcoin Core's rules became overly strict, large players began bypassing the public transaction pool, creating further issues for the network.
Community Discussion on Bitcoin
The announcement triggered intense discussions within the community, revealing deep philosophical disagreements about the essence of the Bitcoin network. Critics argue that the changes fundamentally alter Bitcoin's identity from a peer-to-peer payment system to a data storage platform.
The implementation of Bitcoin Core version 30 on October 30 will remove long-standing data storage restrictions, opening up new possibilities while raising multifaceted questions about Bitcoin's future.
