Intense Debate Erupts Over Data Limits Following Bitcoin BIP-444 Proposal
BIP-444 Proposal: A controversial proposal by Bitcoin developers aims to limit blockchain data capacity by restricting OP_RETURN outputs to 83 bytes, sparking significant debate over its implications for Bitcoin's permissionless nature.
Developer Resistance: The proposal has faced resistance, with only 6.3% of nodes adopting it, and concerns raised about legal liabilities for node operators and the potential for censorship.
Historical Context: BIP-444's discussions echo past debates on data limits dating back to 2010, with the current proposal focusing on data rather than transaction volume, and emphasizing a temporary soft fork.
Market Impact: Analysts note potential implications for projects utilizing ordinal inscriptions, such as Bitcoin-native NFTs, while Bitcoin's market performance shows a recent price increase, currently valued at $114,409.79.
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