Developer Luke Dashjr from Bitcoin Core declares Ordinals are "spamming" the Bitcoin network
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Luke Dashjr, a developer from Bitcoin Core, announced that a fix for Inscriptions (NFTs on Bitcoin) spamming the network will be released next year.
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Recently, the Bitcoin network has been facing challenges due to transaction volume spikes. In a statement to X, developer Luke Dashjr mentioned that Inscriptions, content etched onto sats to create Bitcoin NFTs, exploit vulnerabilities in Bitcoin Core to spam the network.
PSA: “Inscriptions” are exploiting a vulnerability in #Bitcoin Core to spam the blockchain. Bitcoin Core has, since 2013, allowed users to set a limit on the size of extra data in transactions they relay or mine (`-datacarriersize`). By obfuscating their data as program code,…
— Luke Dashjr (@LukeDashjr) December 6, 2023
According to Dashjr, since 2013, the network has allowed users to set limits on data size. However, by scrambling data in code form, Inscriptions have bypassed these limits.
This issue was reportedly fixed in Bitcoin Knots version 25.1 following delays in version 24 last year. However, core developers indicated that this vulnerability could still affect Bitcoin Core in version 26. Luke Dashjr expects that version 27 will finally eliminate this loophole next year.
Responding to a comment suggesting that fixing the vulnerability could mean the end of Ordinals and BRC-20, Dashjr confirmed, "That's correct."
So if this "bug/vulnerability" is fixed, does it mean ordinals and brc-20 token would stop being a thing??
— JaspeeX (@Jaspee_X) December 6, 2023
I'm confused, someone pls explain the implications to me like I'm 5
However, this intention by the Bitcoin Core team has sparked controversy. Shenyu, co-founder of f2pool, commented, "Bitcoin is not Ethereum. Developers do not have absolute authority to make decisions."
Inscriptions/Ordinals/BRC-20, simply NFTs on Bitcoin, caused network congestion for Bitcoin during its peak in May 2023, pushing network gas fees up to 800%. The Bitcoin Core team, responsible for maintaining and overseeing Bitcoin's codebase, initiated discussions to address the issue, proposing participation in scrutinizing BRC-20 token transactions.
The recent resurgence of BRC-20 has begun to spread to other blockchains with copy-paste versions such as:
- RRC-20 on Polygon
- SPL-20 on Solana
- ASC-20 on Avalanche
- FRC-20 on Fantom