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Bitcoin Ordinals could be stopped if blockchain bug is patched, claims dev

A bug repair on the Bitcoin community might put a cease to new Bitcoin Ordinals and BRC-20 tokens inflicting community congestion by “exploiting a vulnerability,” claims a Bitcoin Core developer.

In a Dec. 6 X (previously Twitter) publish, developer Luke Dashjr mentioned inscriptions — utilized by Ordinals and BRC-20 creators to embed data on satoshi’s — exploit a Bitcoin Core vulnerability to “spam the blockchain.”

He defined the Bitcoin Core code has allowed customers to set limits on the scale of additional information in transactions since 2013, however “by obfuscating their information as program code, inscriptions bypass this restrict.”

The bug permitting inscriptions to bypass this restrict was lately fastened within the newest replace to Bitcoin Knots, which is a Bitcoin Core by-product with much less examined or untested options backported from and generally maintained exterior of the core code.

One other X person requested if Ordinals and BRC-20 tokens “would cease being a factor” if the vulnerability was fastened, to which Dashjr replied, “Appropriate.” Present inscriptions would nonetheless stay.

“Bitcoin Core remains to be susceptible within the upcoming v26 launch,” he mentioned. “I can solely hope it is going to lastly get fastened earlier than v27 subsequent yr.”

On Dec. 6, the decentralized mining protocol Ocean — the place Dashjr is chief expertise officer — mentioned on X that the Bitcoin Knots improve “fixes this long-standing vulnerability exploited by fashionable spammers.”

Because of the replace, Ocean mentioned its blocks will now embrace “extra actual transactions” and implied Ordinals inscriptions are a denial-of-service assault on the Bitcoin community.”

Associated: Bitcoin Ordinals see resurgence from Binance listing

Dashjr is vehemently against Ordinal inscriptions and claims the “harm it’s doing to Bitcoin and Bitcoin customers (together with future customers) […] is large and irreversible.”

“No one ever allowed ordinals. It’s been an assault on Bitcoin from the beginning,” he claimed in one other post.

The Ordinals protocol was launched in January 2023 by Casey Rodarmor, enabling customers to inscribe information and nonfungible tokens onto satoshis — the smallest denomination of Bitcoin (BTC).

The Bitcoin community has seen heightened congestion over the previous few days attributable to inscriptions and BRC-20 token minting.

According to mempool.area, there are greater than 275,000 unconfirmed transactions, and common medium-priority transaction prices have elevated to round $14 from roughly $1.50.

Journal: Ordinals turned Bitcoin into a worse version of Ethereum: Can we fix it?