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

3 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.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Visa Seeks New Crypto Stablecoin Partner for Global Settlements

chest

Visa is seeking a new crypto stablecoin partner to enhance its global settlement capabilities after the acquisition of its previous partner, BVNK, by Mastercard.

user avatarKofi Adjeman

AMD's Gaming Division Struggles Amid AI Market Concerns

chest

AMD's gaming division faces challenges with a 31% revenue dip, raising concerns about its ability to protect stock value amid potential AI market fluctuations.

user avatarSatoshi Nakamura

Michael Burry Warns of Potential AI Bubble Burst

chest

Michael Burry warns of a potential AI bubble burst that could lead to significant losses in tech stocks, particularly for companies like AMD.

user avatarNguyen Van Long

Nike Stock Hits 12-Year Low Amid Rebound Speculation

chest

Nike's stock closed at a 12-year low of $39.09, raising concerns about its future performance and potential for a rebound.

user avatarJesper Sørensen

Payward Joins Project Glasswing to Boost Cybersecurity Efforts

chest

Payward, the parent company of Kraken, has joined Anthropics Project Glasswing to enhance cybersecurity by utilizing Claude Mythos 5 for identifying security vulnerabilities.

user avatarRajesh Kumar

Nvidia's Stock Shows Resilience Amid Analyst Optimism

chest

Nvidia's stock shows resilience with optimistic analyst ratings despite a minor decline.

user avatarFilippo Romano

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.