Are Bitcoin Ordinals Threatening the Network? ⚠️
Bitcoin Ordinals and #BRC-20 tokens exploit a vulnerability, allowing inscriptions to surpass transaction data size limits.
This issue, flagged by a #Bitcoin Core developer, causes network congestion and higher transaction costs. The latest Bitcoin Knots update aims to fix this, potentially ending new Ordinals and tokens.
However, existing inscriptions will persist. Ocean, a decentralized mining protocol, highlighted this vulnerability fix, aiming for more genuine transactions. Dashjr strongly opposes #Ordinal inscriptions, calling it a damaging attack on Bitcoin and its users.
The network currently faces congestion, with over 275,000 unconfirmed transactions and increased transaction costs.
