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Experts fear slowing down the network due to obscurations.
National Vulnerability Database (NVD) The United States added bitcoin to its list on December 9, drawing attention to a protocol vulnerability that allowed the development of the Ordinals Protocol in 2022. According to the database entries, in some versions of Bitcoin Core and Bitcoin Knots, it is possible to circumvent the data volume limit by disguising it as code. "As exploited in the wild by Inscriptions in 2022 and 2023," the document says.
Being added to the NVD list means that a particular vulnerability has been recognized, cataloged, and deemed important for public awareness. The database is managed by the National Institute of Standards and Technology (NIST), an agency of the U.S. Department of Commerce.
The vulnerability of the <a>bitcoin</a> network is currently being analyzed. One potential consequence could be that a large amount of non-transactional data enters the blockchain, potentially increasing the size of the network and negatively affecting performance and fees.
The NVD website features a recent post by Bitcoin Core developer Luke Dashre on X (formerly Twitter) as an informational resource. Dashr claims that the incriptions exploit a Bitcoin Core vulnerability to spam the network.
Why is this important for Ordinals? An inscription is the embedding of additional data into a specific satoshi (the smallest unit of bitcoin). This data can be any digital object, such as images, text, or other forms of media. Each time data is added to a satoshi, it becomes a permanent part of the bitcoin blockchain.
Although data embedding has been part of the bitcoin protocol for some time, its popularity only grew with the introduction of ordinals at the end of 2022-a protocol that allowed unique digital works of art to be embedded directly into bitcoin transactions, similar to how non-fungible tokens (NFTs) work on the Ethereum network.
The volume of ordinals transactions overloaded the bitcoin network several times in 2023, which led to more competition for transaction confirmation, which means higher fees and slower processing.
If the vulnerability is fixed, it could potentially limit the ability to create ordinals descriptions on the network. When asked whether ordinals and BRC-20 tokens will cease to exist if the vulnerability is fixed, Deshr said: "That's right." However, existing transcriptions will remain intact due to the immutability of the network.
National Vulnerability Database (NVD) The United States added bitcoin to its list on December 9, drawing attention to a protocol vulnerability that allowed the development of the Ordinals Protocol in 2022. According to the database entries, in some versions of Bitcoin Core and Bitcoin Knots, it is possible to circumvent the data volume limit by disguising it as code. "As exploited in the wild by Inscriptions in 2022 and 2023," the document says.
Being added to the NVD list means that a particular vulnerability has been recognized, cataloged, and deemed important for public awareness. The database is managed by the National Institute of Standards and Technology (NIST), an agency of the U.S. Department of Commerce.
The vulnerability of the <a>bitcoin</a> network is currently being analyzed. One potential consequence could be that a large amount of non-transactional data enters the blockchain, potentially increasing the size of the network and negatively affecting performance and fees.
The NVD website features a recent post by Bitcoin Core developer Luke Dashre on X (formerly Twitter) as an informational resource. Dashr claims that the incriptions exploit a Bitcoin Core vulnerability to spam the network.
Why is this important for Ordinals? An inscription is the embedding of additional data into a specific satoshi (the smallest unit of bitcoin). This data can be any digital object, such as images, text, or other forms of media. Each time data is added to a satoshi, it becomes a permanent part of the bitcoin blockchain.
Although data embedding has been part of the bitcoin protocol for some time, its popularity only grew with the introduction of ordinals at the end of 2022-a protocol that allowed unique digital works of art to be embedded directly into bitcoin transactions, similar to how non-fungible tokens (NFTs) work on the Ethereum network.
The volume of ordinals transactions overloaded the bitcoin network several times in 2023, which led to more competition for transaction confirmation, which means higher fees and slower processing.
If the vulnerability is fixed, it could potentially limit the ability to create ordinals descriptions on the network. When asked whether ordinals and BRC-20 tokens will cease to exist if the vulnerability is fixed, Deshr said: "That's right." However, existing transcriptions will remain intact due to the immutability of the network.