Bitcoin Core Censorship Could Trigger Full-Scale Fork, Ordinals Leader Warns
A leading figure in the Bitcoin Ordinals movement has threatened to bankroll an alternative version of the reference Bitcoin software if Bitcoin Core tightens default relay policy to the detriment of Ordinals and Runes transactions. In an “open letter to Bitcoin Core” posted on September 6, Leonidas — host of The Ordinal Show and a […]
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“Segregated Witness [Segwit] is the most radical and irresponsible protocol upgrade Bitcoin has faced in its eight year history,” wrote the pseudonymous author Jaqen Hash’ghar for Medium. “The push for the [Segwit] soft fork puts Bitcoin miners in a difficult and unfair position to the extent that they are pressured into enforcing a complicated and....
Bitcoin prices are now trading above $30,000 for the first time in over eight months. The rally coincides with the discovery of an indexing bug in Ordinals protocol, a platform where users can mint non-fungible tokens (NFTs) on Bitcoin. The 1,200 Orphaned Inscriptions On Ordinals Protocol The bug in the Ordinals protocol was discovered to have led to approximately 1,200 inscriptions that were supposed to be included in Bitcoin being excluded though they were all valid. These “orphaned” inscriptions were because the indexing flaw only caused the protocol to pick out inscriptions in the....
CEO and co-founder of bitcoin wallet and exchange service Coinbase, Brian Armstrong, has deemed the recent proposal to scaling Bitcoin as merely “words” and not action while trumpeting Bitcoin Classic as a better solution for bitcoin’s scaling debate. Brian Armstrong, co-founder and CEO of Coinbase has, in a blog post titled “The Bitcoin Roundtable Consensus Proposal – Too Little, Too Late”, dismissed the recent proposal to scale bitcoin. The proposal to scale Bitcoin was achieved over the past weekend among a group of the major mining pools, wallet and exchange service providers &....
If it's to reach its full potential, the decentralized economy needs to scale censorship resistance, say Solana's CEO and COO.
The latest data on August 22 shows that the total daily fees generated from Bitcoin Ordinals on the world’s most valuable network have crashed from around $95,000 to $72,000, a 24% drop. The contraction mirrors the general performance of BTC prices which have been under pressure in the last two weeks, notably crashing last week and forcing […]