A new Bitcoin Improvement Proposal, dubbed 'The Cat,' has sparked division within the developer community. The proposal aims to reduce blockchain bloat by deactivating millions of small unspent transaction outputs (UTXOs) associated with ordinals and inscriptions. Proponents argue that this move could significantly reduce spam, which currently constitutes 30% to 50% of UTXOs.
However, the proposal has faced criticism from notable figures like Greg Maxwell, who caution that it could lead to asset seizure at the consensus layer, potentially undermining Bitcoin's censorship resistance. The ongoing debate highlights the community's deep concerns regarding protocol changes and their implications for Bitcoin's core principles.
Bitcoin Proposal 'The Cat' Divides Developer Community
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