The Bitcoin community is once again debating a proposal to restrict on-chain non-financial data, as mining pool Ocean has mined the first block supporting BIP-110. The proposal is planned to last about a year and aims to tighten transaction output size and arbitrary data field limits through a temporary soft fork, in order to reduce the space occupied by inscriptions and OP_RETURN non-financial data. Supporters believe this move will help maintain Bitcoin's role as monetary infrastructure and reduce node burden; opponents warn that intervention at the consensus layer could harm network neutrality and increase the risk of forks. (CoinDesk)
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The Bitcoin community is once again debating a proposal to restrict on-chain non-financial data, as mining pool Ocean has mined the first block supporting BIP-110. The proposal is planned to last about a year and aims to tighten transaction output size and arbitrary data field limits through a temporary soft fork, in order to reduce the space occupied by inscriptions and OP_RETURN non-financial data. Supporters believe this move will help maintain Bitcoin's role as monetary infrastructure and reduce node burden; opponents warn that intervention at the consensus layer could harm network neutrality and increase the risk of forks. (CoinDesk)