Bitcoin Developer Raises Concerns Over Vulnerability in BTC Core Software
A vulnerability in the Bitcoin Core software has been brought to light by Bitcoin developer Luke Dashjr. He revealed that a group called Inscriptions is exploiting this vulnerability to bypass transaction data limits, potentially impacting the integrity of the blockchain. Dashjr expressed his concerns about the severity of the issue on X (formerly Twitter) and emphasized the need to address it.
Bitcoin Dev Implements Ordinals Spam Filter
Dashjr, a prominent BTC developer, shared his concerns about the vulnerability on X. He mentioned that Bitcoin Core has allowed users to set limits on extra data in transactions since 2013. However, Inscriptions are bypassing these limits by obfuscating their data as program code. Dashjr has addressed this issue in his own Bitcoin Knots version, but Bitcoin Core remains vulnerable. Ocean Mining, a company founded by Dashjr, has integrated the latest Bitcoin Knots version to combat this vulnerability.
Previously, Dashjr had warned about Inscriptions and called for the implementation of a spam filter. He argued that existing filters were not extended to Taproot transactions and emphasized that spam filtering has always been a part of Bitcoin Core.
The End Of Ordinals And ORDI?
In response to a user’s query about fixing this bug, Dashjr confirmed that resolving the vulnerability would diminish the existence of Ordinals and BRC-20 tokens. However, others expressed skepticism, suggesting that miners might prioritize inscription transactions for economic reasons. Dashjr responded by stating that Bitcoin assumes a majority of miners are honest and pointed out that spam-filtered blocks often have higher fees.
Shenyu, co-founder of f2pool, offered a different perspective and reminded everyone that developers do not have full decision-making power in Bitcoin. Code changes must be approved by the network, making Dashjr’s initiative less likely to succeed.
At the time of writing, the price of ORDI has dropped by -30% following Dashjr’s post on X.
Hot Take: Vulnerability in BTC Core Software Raises Concerns for Blockchain Integrity
A vulnerability in the Bitcoin Core software, exploited by a group called Inscriptions, has raised concerns about the integrity of the blockchain. Bitcoin developer Luke Dashjr has highlighted this issue and called for urgent action to address it. By bypassing transaction data limits, Inscriptions are potentially impacting the reliability of the blockchain. Dashjr has implemented a spam filter in his Bitcoin Knots version, but Bitcoin Core remains vulnerable. The integration of the latest Bitcoin Knots version by Ocean Mining aims to combat this vulnerability. However, skepticism remains about the impact on Ordinals and BRC-20 tokens, as well as the decision-making power of developers in the Bitcoin network.
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