Binance Square

BitcoinCore

1,396 views
2 Discussing
Anh_ba_Cong
--
See original
Bitcoin "factions": Controversial proposal to remove data storage limits sparks fierce debateA new technical proposal on Bitcoin is causing the developer community to engage in the most intense debate since Ordinals. The issue lies in removing the OP_RETURN limit, allowing for much larger non-financial data (such as text, images) to be stored directly on the Bitcoin blockchain. This proposal could expand the network's application capabilities but is also seen as a threat to the core 'digital currency' essence of Bitcoin.

Bitcoin "factions": Controversial proposal to remove data storage limits sparks fierce debate

A new technical proposal on Bitcoin is causing the developer community to engage in the most intense debate since Ordinals. The issue lies in removing the OP_RETURN limit, allowing for much larger non-financial data (such as text, images) to be stored directly on the Bitcoin blockchain. This proposal could expand the network's application capabilities but is also seen as a threat to the core 'digital currency' essence of Bitcoin.
See original
Bitcoin developers are divided over the main proposal A proposal for a technical adjustment that would dramatically alter the way Bitcoin is fundamentally used has caused a rift within the developer community. If approved, the proposal to "remove OP_RETURN limits" would allow users to store much larger amounts of non-financial data directly on the Bitcoin blockchain, for use in text and images, explained Decrypt. Some community members consider it a necessary advancement. Bitcoin Core, the primary open-source software that manages the network, should not have to maintain arbitrary limits, stated Peter Todd, the proponent of this controversial proposal. Todd is a developer who has previously been pointed out as a possible Satoshi Nakamoto (which he has denied) and currently argues vigorously that the limits are useless. This is because they are already being circumvented through alternative technical solutions, making them "ineffective and even harmful," he asserted. But other developers fear that the change could threaten Bitcoin's basic purpose, noted Decrypt. Jason Hughes, a long-time contributor to Bitcoin Core, is clearly opposed. He said this on X: "Bitcoin Core developers are about to... turn Bitcoin into a worthless altcoin, and no one seems to care". Pieter Wuille, a lead developer of Bitcoin, supports the change but also understands the repercussions. "I am not satisfied with the demand for those [non-essential] transactions," he said. "But I also acknowledge that the demand exists, and the alternative of forcing it to circumvent the public network is much more harmful". $BTC #BitcoinCore
Bitcoin developers are divided over the main proposal

A proposal for a technical adjustment that would dramatically alter the way Bitcoin is fundamentally used has caused a rift within the developer community.

If approved, the proposal to "remove OP_RETURN limits" would allow users to store much larger amounts of non-financial data directly on the Bitcoin blockchain, for use in text and images, explained Decrypt. Some community members consider it a necessary advancement.

Bitcoin Core, the primary open-source software that manages the network, should not have to maintain arbitrary limits, stated Peter Todd, the proponent of this controversial proposal. Todd is a developer who has previously been pointed out as a possible Satoshi Nakamoto (which he has denied) and currently argues vigorously that the limits are useless. This is because they are already being circumvented through alternative technical solutions, making them "ineffective and even harmful," he asserted.

But other developers fear that the change could threaten Bitcoin's basic purpose, noted Decrypt.

Jason Hughes, a long-time contributor to Bitcoin Core, is clearly opposed.

He said this on X: "Bitcoin Core developers are about to... turn Bitcoin into a worthless altcoin, and no one seems to care".

Pieter Wuille, a lead developer of Bitcoin, supports the change but also understands the repercussions.

"I am not satisfied with the demand for those [non-essential] transactions," he said. "But I also acknowledge that the demand exists, and the alternative of forcing it to circumvent the public network is much more harmful".

$BTC #BitcoinCore
Login to explore more contents
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number