The Bitcoin community has introduced a new improvement proposal, BIP-110, aimed at limiting the size of non-monetary data, such as Ordinals inscriptions, in transactions through a soft fork. This measure seeks to address concerns over 'junk data' occupying block space. However, the proposal has sparked controversy. Adam Back has voiced concerns that BIP-110 could harm Bitcoin's reputation as a reliable store of value and secure asset, suggesting that its negative impact might outweigh the issues posed by 'junk transactions.'
Bitcoin Community Debates BIP-110 Proposal to Limit Non-Monetary Data
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
