After Taproot, the most important upgrade of Bitcoin in 4 years

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MarsBit
3 days ago
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In recent days, the online community has been buzzing about the proposal to remove OP_RETURN restrictions - a proposal initiated by Bitcoin Core OG developer Peter Todd.

(It's worth mentioning that HBO once accused Peter Todd of being Satoshi Nakamoto in their heavily promoted documentary "Money Electric: The Bitcoin Mystery", which led to Todd receiving numerous funding requests and threats, and he is currently living in hiding.)

Although there are many doubts in the community about this OP_RETURN modification, according to the announcement by Bitcoin developer and Blockstream core contributor Greg Sanders (nickname "instagibbs") on May 5th on GitHub: In the next network upgrade, Bitcoin Core will no longer impose any byte or quantity restrictions on OP_RETURN.

[Rest of the translation follows the same professional and accurate approach, maintaining the original meaning and tone while translating to English] [Final paragraph translation example:] Some influential industry KOLs, such as Samson Mow, are encouraging node operators not to upgrade their Bitcoin Core version or to switch to Knots. As of the time of writing, according to Clark Moody's data, Bitcoin Knots node usage has surpassed the latest version of Bitcoin Core nodes.

This is once again a challenge to the BTC consensus, just like many times before. Of course, this also makes us realize that although BTC is more conservative compared to most networks, it is not completely immutable. After the next upgrade, we may possibly obtain a more concise and elegant protocol approach than Ordinals, Atomicals, and Runes.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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