Bitcoin Core Developer Flags Ordinals as Blockchain Vulnerabilit
Bitcoin Core developer Luke Dashjr argues that Ordinals represent a vulnerability causing transaction fees to rise and need to be eliminated. Addressing this loophole would remove Ordinals from the BTC blockchain, clearing clutter from the text strings.
BTC Price Surges Nearly 11% in the Past Week, Reaching $44,700 on Friday.
The online bitcoin community is embroiled in a debate over whether Ordinals pose a threat to the BTC blockchain. While Bitcoin Core developers like Luke Dashjr view text strings as spam, others see them as a development for the BTC blockchain on the X social media platform.
Read also: Solana Continues to Attract Capital from Ethereum, SOL Price Maintains Above $72
Ordinals Currently Identified as a Vulnerability
Luke Dashjr informed his 83,300 followers in a recent tweet on X that text strings are exploiting a vulnerability in Bitcoin Core to spam the blockchain. Since 2013, Bitcoin Core has allowed users to set limits on the size of additional data in transactions they forward. Text strings surpass this limit, making them "vulnerable." Dashjr states that Bitcoin Core remains vulnerable in the upcoming v26 release and developers hope to address this issue by v27 next year. The developer argues that miners must be honest and non-malicious, but allowing text string alterations on the Bitcoin blockchain will increase transaction fees. While advantageous for miners, it constitutes an attack on the BTC blockchain network.
Text strings are considered a technical vulnerability that could have long-term implications for Bitcoin users due to its impact on network security and integrity.
At the time of writing, Bitcoin is priced at $43,694 on Binance, bringing nearly an 11% profit for BTC holders on Binance over the past week.
BTC Price Surges Nearly 11% in the Past Week, Reaching $44,700 on Friday.
The online bitcoin community is embroiled in a debate over whether Ordinals pose a threat to the BTC blockchain. While Bitcoin Core developers like Luke Dashjr view text strings as spam, others see them as a development for the BTC blockchain on the X social media platform.
Read also: Solana Continues to Attract Capital from Ethereum, SOL Price Maintains Above $72
Ordinals Currently Identified as a Vulnerability
Luke Dashjr informed his 83,300 followers in a recent tweet on X that text strings are exploiting a vulnerability in Bitcoin Core to spam the blockchain. Since 2013, Bitcoin Core has allowed users to set limits on the size of additional data in transactions they forward. Text strings surpass this limit, making them "vulnerable." Dashjr states that Bitcoin Core remains vulnerable in the upcoming v26 release and developers hope to address this issue by v27 next year. The developer argues that miners must be honest and non-malicious, but allowing text string alterations on the Bitcoin blockchain will increase transaction fees. While advantageous for miners, it constitutes an attack on the BTC blockchain network.
Text strings are considered a technical vulnerability that could have long-term implications for Bitcoin users due to its impact on network security and integrity.
At the time of writing, Bitcoin is priced at $43,694 on Binance, bringing nearly an 11% profit for BTC holders on Binance over the past week.
