Bitcoin Core v30 Goes Live Despite OP_RETURN Debate
Bitcoin Core version 30.0 is now available, marking the project’s first major release since v29 and closing the book on legacy branches 27.x and older, which are now designated “End of Life.” The maintainers’ release notes state plainly: “With the release of this new major version, versions 27.x and older are at ‘End of Life’ […]
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Three years ago there were a lot of discussions concerning data embedded in bitcoin transactions and the block size space consumed by these OP_Return transactions. However, in recent times, the use of OP_Return transactions has dropped a great deal and the trend has lowered network fees to some degree. OP_Return Transaction Domination Slows Significantly Alleviating Bitcoin Network Fees Bitcoin transfer fees have dropped quite a bit over the last nine months since July 1, 2021. At that time, the average transaction fee to send bitcoin (BTC) was above $10 per transaction. Statistics show....
It's surprising what worm-filled cans a new version of the bitcoin protocol will open. The core developers released a much-anticipated update to the core software - version 0.9.0 - last week. Now, a third-party developer group is already lobbying for change. Counterparty, a financial trading platform built on the bitcoin block chain, issued an open letter to the Bitcoin protocol's core developers last week, urging them to reconsider a key component of the protocol's latest release. That component is called OP_RETURN, and it is a new feature designed to allow people to store extra data in....
Bitcoin is due a major upgrade. Scheduled for release this October, Bitcoin Core v30 will remove the long-standing 80-byte limit on OP_RETURN. Basically, it’s the part of a Bitcoin transaction that allows you to embed arbitrary data directly onto the blockchain. By enabling more data to be stored on-chain, Bitcoin will unlock a range of […]
An obscure firm using the storied “Salomon Brothers” name has ignited one of Bitcoin’s strangest ownership fights to date: a mass “dusting” campaign that blasted tens of thousands of legacy wallets with on-chain “legal notices” embedded in OP_RETURN messages. In a detailed forensic study, Galaxy Research links the messages to a coordinated attempt that may […]
While the war between Bitcoin Core and Bitcoin Classic enthusiasts is far from over, the entire digital currency landscape is slowly starting to change. Most people assumed bitcoin ATMs would not take sides in this debate, but it looks like a mind shift is taking place in this segment as well. A total of five Bitcoin ATM operators in North America has switched from Bitcoin Core to Bitcoin Classic, a decision affecting a total of 29 machines. Operating A Bitcoin ATM During The Block Size Debate. When thinking of a Bitcoin ATM, hardly anyone gives the concept of which wallet software....