Wednesday, 28 February 2024

Crypto News

Bitcoin Ordinals could be stopped if blockchain bug is patched, claims dev

Bitcoin Ordinals could be stopped if blockchain bug is patched, claims dev

A bug fix on the Bitcoin network could put a stop to new Bitcoin Ordinals and BRC-20 tokens as they’re causing network congestion by “exploiting a vulnerability,” claims a Bitcoin Core developer.

In a Dec. 6 X (Twitter) post, developer Luke Dashjr said inscriptions — used by Ordinals and BRC-20 creators to embed data on satoshi’s — exploit a Bitcoin Core vulnerability to “spam the blockchain.”

He explained the Bitcoin Core code has allowed users to set limits on the size of extra data in transactions since 2013, but “by obfuscating their data as program code, inscriptions bypass this limit.”

The bug allowing inscriptions to bypass this limit was recently fixed in the latest update to Bitcoin Knots, a Bitcoin Core derivative with less tested or untested features backported from and sometimes maintained outside of the core code.

Another X user asked if Ordinals and BRC-20 tokens “would stop being a thing” if the vulnerability was fixed to which Dashjr replied, “Correct.” Existing inscriptions would still remain,

“Bitcoin Core is still vulnerable in the upcoming  v26 release,” he said. “I can only hope it will finally get fixed before v27 next year.”

On Dec. 6, the decentralized mining protocol Ocean — where Dashjr is chief technology officer — said on X that the Bitcoin Knots upgrade “fixes this long-standing vulnerability exploited by modern spammers.”

As a result of the update, Ocean said its blocks will now include “more real transactions” and implied Ordinals inscriptions are a denial-of-service attack  on the Bitcoin network,” it said

Related: Bitcoin Ordinals see resurgence from Binance listing

Dashjr is vehemently opposed to Ordinal inscriptions and claimed the “damage it’s doing to Bitcoin and Bitcoin users (including future users)…

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