Buy Биткоин BTC
Bitcoin (BTC)
Buy Эфир ETH
Ethereum (ETH)
Buy Ripple XRP
Ripple (XRP)
Buy Tron TRX
Tron (TRX)
Buy Polygon Matik
Polygon (MATIC)
Buy Solana SOL
Solana (SOL)
Buy Dogecoin DOGE
Dogecoin (DOGE)
Buy Avalanche AVAX
Avalanche (AVAX)
Buy Cardano ADA
Cardano (ADA)
Buy Polkadot DOT
Polkadot (DOT)
Buy Syscoin SYS
Syscoin (SYS)

Ordinals could be stopped if Bitcoin bug is fixed

NFT: Ordinals could be stopped if Bitcoin bug is fixed

According to Luke Dashjr, a #Bitcoin Core developer, fixing the vulnerability in the Bitcoin network will indeed put an end to the appearance of new Ordinals and BRC-20 tokens that have been causing network congestion.

In a message dated December 6th, Dashjr explained that the labels used by the creators of Ordinals and #BRC-20 tokens to embed data in satoshis were exploiting a vulnerability in Bitcoin Core to spam the blockchain.

The Bitcoin Core code has allowed users to set limits on the size of additional data in transactions since 2013. However, by obfuscating their data as program code, the labels were able to bypass this limitation.

The vulnerability that allowed the labels to bypass this limitation has recently been fixed in the latest update of Bitcoin Knots. Bitcoin Knots is a derivative of Bitcoin Core that includes less tested or unverified features, sometimes maintained outside the main codebase.

When asked if #Ordinals and BRC-20 tokens would cease to exist once the vulnerability is fixed, Dashjr confirmed that existing labels would still remain. He stated that "Bitcoin Core is still vulnerable in the upcoming v26 release" and expressed hope that it would finally be fixed in version 27 next year.

On December 6th, Ocean, a decentralized protocol where Dashjr serves as the technical director, announced that the Bitcoin Knots update addresses this long-standing vulnerability exploited by modern spammers.

As a result of the update, #Ocean stated that its blocks will now include more legitimate transactions, while the implied Ordinals labels are considered a denial-of-service attack on the Bitcoin network.

Dashjr strongly opposes the use of Ordinals labels and claims that the damage they inflict on the Bitcoin network and its users, including future users, is significant and irreversible.

"No one ever intended for ordinals to exist. It was an attack on Bitcoin from the very beginning"Dashjr stated.

The Ordinals protocol was launched in January 2023 by Casey Rodarmor and allows users to embed data and non-fungible tokens (#NFTs) into satoshis, the smallest denomination of BTC.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
Make crypto bots for trading
Press Releases: Celebrates 11th Anniversary with Prize Activities and Vision for the Future, a leading crypto exchange and Web3 innovator, has announced its 11th-anniversary celebrations, showcasing its milestones and launching prize-winning activities for its global user..
Market and Events: Binance launches small and mid-cap initiative
Cryptocurrency trading platform Binance aims to address the prevalence of tokens with low market capitalization compared to their fully diluted value (FDV). To address this issue, Binance is..
Press Releases: Happening Right Now - Marginly is Bootstrapping Liquidity
Marginly, the leverage-as-a-service protocol that enables one-click leverage on yield-bearing assets, kicked off its Liquidity Bootstrap Event on May 15. The protocol is rewarding..
Altcoins: The founder of Telegram commented on the launch of the Notcoin token
Pavel Durov, the creator of the Telegram messaging platform, shared his thoughts on the introduction of the Notcoin (NOT) cryptocurrency. He emphasized that the initiative has attracted more..