Interestingly, the cumulative fees spent on Ordinals have surged exponentially post-U.S. spot BTC ETFs amidst the bull run.
According to Luke Dash Jr, Bitcoin network core developer, CTO, and Chairman of Ocean Mining, Ordinals are detrimental to the network.“Everybody has not agreed to storing other data, processing altcoin stuff. That’s not even part of Bitcoin, like the Ordinals and Inscriptions. So the fact that there’s no unanimous support for these things means that they are spam.”He went ahead and stated a possible solution to enable these features without directly spamming the core network.
However, Dash noted that forcing Ordinals and Inscriptions on other people directly attacks the Bitcoin network.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What is a Bitcoin Node? A Beginner’s Guide (2024)Embark on your Bitcoin journey with our beginner's guide to Bitcoin nodes. Understand the crucial role they play in the blockchain ecosystem.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Gary Gensler remains silent on Ethereum ETFs: What now?With Bitcoin ETFs now approved, the focus shifts to an Ethereum ETF. But unlike Bitcoin, the approval timeline for ETH ETFs is unclear.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Will Bitcoin Halving Increase Price? Everything You Need to KnowCurious is Bitcoin halving will increase its price? Dive into our guide, unraveling the factors influencing Bitcoin's price post-halving.
Source: CryptoAmb - 🏆 22. / 68 Read more »
How Many Bitcoin Halvings Are Left and What Happens After That? (Explained)Explore the future of Bitcoin halvings! Our explanation covers how many Bitcoin halvings are left and the potential implications thereafter.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Elon Musk slams U.S. dollar again, compares it to a ‘scam coin’Tesla profited substantially from its Bitcoin holdings, capitalizing on gains surpassing $230 million post the launch of Bitcoin spot ETFs.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Is Solana ‘overdue’ a price correction? – Exec’s prediction after altcoins crashBitcoin, along with prominent altcoins such as Ethereum, Dogecoin, Ripple, Solana, and Litecoin, faced substantial declines.
Source: CryptoAmb - 🏆 22. / 68 Read more »