On May 25, a Bitcoin user called the Bitcoin Mechanic, a figure close to the marine mining pool led by developer Luke Dashjr, said the Bitcoin (BTC) inscription was made possible because the controversial practices caused by the network’s impact have not been resolved in Taproot, one of the most important updates of the protocol.
Taproot and inscription enabled bug
Activated in November 2021, TapRoot is a Bitcoin update designed to improve the privacy, efficiency and scalability of the chain. The main purpose was to allow it More complex transactions with lower space consumption Networks facilitate the implementation of layer 2 solutions, such as Lightning Network (LN), for example.
However, the Bitcoin mechanics that promote Bitcoin adoption and education say that the renewal barrier has allowed registration. A mechanism for storing any data, such as images and videos, directly into a Bitcoin file; They’ve become reality.
According to Bitconner educators, this error not only contradicted Taproot’s original purpose, but also brought about other consequences. «The inscription is bug At Taproot, then we saw each other too manipulatively so we couldn’t fix it,” the Bitcoin mechanic said.
he bug Alternatively, the failure mentioned by the analyst may be related to the way Taproot handles transactional data. One possibility is that the error lies in the way TapRoot handles data. Witness (Witness), allow transactions to include large amounts of non-financial data No appropriate restrictionsaccording to Bitcoin Mechanic Analysis.
This situation would have been exacerbated by the “witness discount” added to the Segwit Update. Because Taproot was built on her, it means that Taproot transactions also benefit from a “witness discount.” There is less space in the file Reduce rate calculations.
The effect of inscriptions on networks
By registering, Bitcoin has given the ability to be an artistic and speculative experiment, but at the expense of efficiency. According to Bitcoin mechanics, «88% of Taproot’s outings are Dust » (dust), term referring to transaction output It’s not worth it, it’s not a practice Future transactions.
According to an analysis by Bitcoin mechanics, this “dust” is mostly produced by an inscription. This would contradict Taproot’s original purpose.
Ironically, he says, segwit and taproot are designed to reduce swelling in the chains rather than make it worse. Instead of achieving more efficient transactions, these updates They would have been misused For purposes that have nothing to do with money, such as multimedia data storage, something that is not welcomed by Bitcoin mechanics or the purest bitcoiners.
Segwit’s relationship with the witness and the issue
Segwit (Segregated Witness), a Bitcoin update implemented in 2017, has separated signature data (“witnesses”) from main transaction data. The separation was the purpose Reduce transaction size Therefore, increase the capacity of your network.
Additionally, Segwit has introduced a “witness discount.” There, each signature data byte counts as a quarter of the byte in terms of occupying space. Bitcoin mechanics advocate this discount rather than encouraging more efficient transactions. It is used in inscriptions.
“The Witness Discounts that should be encouraged to reduce UTXO sets are being used by registrations that tripled the size of UTXO in two years.”
Bitcoin mechanics, members and participants from the Bitconnor community.
The UTXO set (non-dose transaction output) is a record of all transaction output that is not spent on Bitcoin, and its uncontrolled growth can overload the network. Disrupt node operations and tasks.
In a phorically speaking, the UTXO set allows you to understand all the keys of doors that are not yet open as closets. If this closet is filled with unnecessary keys, in this case it becomes more difficult to find the actual key to open the door with the inscription data. Legitimate Transactions.
At the time of this article, the bitcoin file size is 661 gigabytes according to YCharts. This is a number that has been driven in the past by the use of protocols such as ordinals and runes that allow arbitrary data to be stored in this chain (image, video, or text).
If the Bitcoin block was full as it happened in the ordinance, today’s Bitcoin would have a weight of 1,000 GB, proof Challenges to represent this growth Continuous for node operation.
It is also relevant to pointing out that, taking into account the last 365 days to May 18th, as reported by Cryptootics. Over half of Bitcoin transactions were non-monatarian,This reveals the specific interest on the part of users in the use of that type of network created by Nakamoto.
This situation occurs in the middle of a A fierce debate at the heart of the Bitconnor community The change in Bitcoin’s core client has sparked a revival of old debates about the nature of Bitcoin.
Thus, the inscriptions opened up new possibilities for bitcoin, but they also exposed Internal tension Something the community has to deal with. The challenge now lies in balancing innovation with the preservation of the basic principles of Bitcoin. This is a task that, according to developers, is far from being solved.
