Developers say that an upcoming Bitcoin update will expand the storage limit of images, texts and documents on the Bitcoin blockchain.
Bitcoin Core 30 developer Gloria Zhao said that the update scheduled for October 30 would remove the 80-byte limitation on the controversial OP_RETURN functionality and will allow each output up to four megabytes. posted Monday is GitHub Day.
Three days later, 31 Bitcoin Core developers were arrested. signed a statement The change has been merged into a pull request (32406), which is also known as the merged Pull Request (MPR). Bitcoin developers indicated that on May 5, the data limit would be removed.
OP_RETURN enabled last year’s Ordinals craze, allowing Bitcoiners to post anything they want on the blockchain. non-fungible token-like collections The Afghan War Logs, published in 2010 by WikiLeaks.
It was the planned change that infuriated conservative sections of the Bitcoin Community. They argue non-financial records clog the blockchain, and they believe it should concentrate on peer to peer Bitcoin.BTC) transactions.
Crypto investment firm Reforge co-founder Alexander Lin said On X, the limit is expanded. “terrible mistake,” The claim was that increasing the maximum limit for the function would “increase systemic risks to BTC’s core properties as sound money.”
The lead author, as well as other Bitcoiners proposal, Peter Todd is of the opinion that increasing data limits can expand. Bitcoin’s use cases The importance of finance goes beyond the financial.
Bitcoin developers: Let the users decide
Zhao, in a GitHub announcement, said that Bitcoin Core developers prefer a less hands-on approach. This allows users to make their own decisions about how they use the blockchain:
“Demanding that Bitcoin Core prevent certain transactions from being mined reflects a misunderstanding of the relationship between open source software users and developers.”
Bitcoin Core: A Faithful Investment “broken”
Several Bitcoiners voiced frustration on the data limit expansion, including Satoshi Action Fund CEO Dennis Porter.
“I’ve helped raise over $200,000 for core devs during my time in Bitcoin. My faith in their work is now broken,” Porter said, Additionally, he said he no longer supports Bitcoin Core development.
Jason Hughes is the vice president at Ocean Bitcoin Mining. hinted The Bitcoin industry may be his last stop.
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“Personally, I’m out of energy on this fight,” He said it in a long X-post.
Bitcoin Core loses market share
Bitcoin Core has been dominating the Bitcoin Core market since Todd released MPR #32406 in April. Bitcoin nodes A pseudonymous bitcoiner said that the percentage has dropped from 98% to just over 88%. noted On X.
Bitcoin Knots has captured almost the entire market share of 11.48%. data shows.
Bitcoin commentator Matthew R. Kratter said Bitcoin Core could suffer long-term damage if it decides to increase the data limits. Its dominance might fall as low as 20-30% over the next three to five years.
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Source: cointelegraph.com
