Bitcoin The statement made by one of the Core developers included an important detail that upset the community. Moreover, this detail points to the beginning of a process that may turn into an intense internal conflict. The disclosure revealed a vulnerability in Bitcoin Core that had been breached by “Inscriptions” since 2013. Inscriptions are essentially metadata that is added to BTC satoshis, turning them into a type of digital artifact or NFT-like asset on the blockchain. This admission sparked debate and division among stakeholders, leading to a push to restrict such practices.
Inscriptions used block space to add additional data to transactions, potentially bypassing set limits by disguising the data as program code. Although Bitcoin Knots v25.1 patched this issue, Core continues to harbor this issue with the hope of a fix in the v27 release next year. The delay in resolution has also triggered a debate within the community, as developers and users take sides over the value and appropriateness of posts on the blockchain.
From a technical perspective, Ordinals, which are a by-product of these Inscriptions, are closely followed in terms of their use of block space. Each satoshi can hold text up to approximately four MB in size. Although satoshis inherently do not carry text, this additional data can include anything from transaction comments to attached files, increasing Bitcoin’s functionality.
The controversy lies in the use of blockchain space for purposes other than financial transactions, with many community members arguing that Bitcoin has moved away from its primary purpose as a currency and store of value. While the ability to add ordinals and NFT-like data to satoshis has opened up new uses for Bitcoin, it has also triggered concerns about network efficiency, block space scarcity, and the true purpose of the blockchain.
As for Bitcoin’s latest price performance, the chart shows a strong bullish trend, with recent candlesticks pointing to continued upward momentum. The price is trading comfortably above both the 50-day and 200-day moving averages, indicating a strong bullish sentiment and a slight overbought situation in the market.