• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
The Bitcoin Core developer suggested the possibility of the disappearance of Ordinals

The Bitcoin Core developer suggested the possibility of the disappearance of Ordinals

user avatar

by Max Nevskyi

2 years ago


Luke Dashjr, one of the Bitcoin Core developers, expressed concern about a vulnerability in the Bitcoin blockchain, which he believes could be used for spam distributions. He noted that this issue was resolved in Bitcoin Knots version v25.1, but warned that the vulnerability still exists in the upcoming v26 update. Dashjr expressed hope that it would be fixed before the next Bitcoin Core version is released in 2024.

"Ordinals" exploit a vulnerability in Bitcoin Core for spamming the blockchain. Since 2013, Bitcoin Core has allowed users to set a limit on the size of additional data in transactions they transmit or mine. By hiding their data under program code, "Ordinals" circumvent this restriction, Dashjr said.

During the discussion, a user asked about the impact of fixing the vulnerability on the existence of Ordinals and the BRC-20 standard. Dashjr confirmed that after the vulnerability is addressed, these elements will cease to function. He critically spoke about Ordinals, calling them an attack on Bitcoin and a deception, as they were never officially approved.

Earlier in May, members of the Bitcoin Core team, including Ali Sherif and Luke Dashjr, proposed implementing mechanisms for filtering spam in Taproot transactions. This was aimed at blocking Ordinals and tokens based on the BRC-20 standard.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Coinbase's Cryptobacked Loans Offer Liquidity Without Selling

chest

Coinbase's cryptobacked loans allow investors to access liquidity from appreciated assets without triggering immediate capital gains taxes.

user avatarJacob Williams

Coinbase Expands Cryptobacked Lending Product in the US

chest

Coinbase has announced the expansion of its cryptobacked lending product, now supporting XRP, Dogecoin, Cardano, and Litecoin.

user avatarAndrew Smith

OpenAI and Paradigm Introduce EVMbench for Ethereum Smart Contract Security

chest

OpenAI and Paradigm have introduced EVMbench, a tool aimed at improving the security of Ethereum smart contracts by evaluating AI agents' capabilities.

user avatarZainab Kamara

Riot Platforms Urged to Accelerate AI Transition by Starboard Value

chest

Starboard Value urges Riot Platforms to accelerate its AI transition to enhance value through AI data centers.

user avatarSon Min-ho

Base Network Announces Transition to New Unified Tech Stack

chest

Base, the Ethereum layer2 scaling network incubated by Coinbase, announces a shift to a new unified technology stack to enhance upgrade speed and reduce overhead.

user avatarAyman Ben Youssef

Bitcoin Network Difficulty Set for Significant Increase

chest

The Bitcoin network is expected to see a major increase in mining Difficulty due to faster block production rates.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.