Bitcoin Core developers decided to eliminate a limitation on transaction data for the next upgrade of the network, which will allow more data to include in an efficient manner.
“Bitcoin Core’s next release will, by default, relay and mine transactions whose OP_RETURN outputs exceed 80 bytes and allow any number of these outputs,” Read the article announcement Bitcoin developer Greg Sanders posted a May 5th post on GitHub.
The limit that was in place for a long time originally included a “gentle signal that block space should be used sparingly for non-payment proof of publication data,” He said that its usefulness has been outlived.
Proposal (PR 32359Bitcoin’s creator, Bitcoin pioneer Peter Todd Chaincode Labs requested that we do so.
OP_RETURN refers to a specific type of Bitcoin.BTCThe blockchain is a popular technology that stores small data amounts in the form of transaction output. ordinals inscriptions craze Early 2024.
Unlike other transaction outputs, OP_RETURN does not allow you to spend the outputs and they do not bloat your unspent transactions outputs.UTXOs).
Sanders said that the original limit was no longer valid because people had found ways to get around it. For example, they were using fake addresses which is actually worse for the networks. Some mining services also ignored the limit.
“Large-data inscriptions are happening regardless and can be done in more or less abusive ways; the cap merely channels them into more opaque forms that cause damage to the network.”
Related: Bitcoin block size could grow to 4 MB with inscriptions: Research
He said that removing the cap would result in a more clean UTXO database, which is essentially a list of outputs spendable, a better consistency of behavior on the network and adherence to how Bitcoins are actually used.
There were three possible options: to keep the cap or raise it, and finally, remove the cap. The final decision was made after the earning. “broad, though not perhaps unanimous, support.”
Bitcoin: A change that is controversial
“Many users find this to be an undesirable change for a number of reasons,” said Samson Mow of Bitcoin on X, May 5. The Bitcoiner added: “can refuse to upgrade and stay on 29.0 or run another implementation” Network.
Critics claimed that this proposal was not based on a consensus-building process.
“I think one thing is pretty clear, there is no consensus at the moment on this OP_RETURN issue,” said Marty Bent, managing partner at Ten31 Fund.
Many also raised concerns over the deprioritization of Bitcoin’s economic utility. They also raised questions regarding undisclosed conflicted interests.
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Source: cointelegraph.com
