July 21, 2024
Bitcoin Developer Denies Adding Inscriptions to NVD
Bitcoin News

Bitcoin Developer Denies Adding Inscriptions to NVD

Bitcoin core developer Luke Dashjr has refuted any involvement in flagging Bitcoin inscriptions as a cybersecurity threat on the U.S. National Vulnerability Database (NVD). The controversy arose when Dashjr criticized inscriptions for allegedly exploiting a Bitcoin Core vulnerability to “spam the blockchain.”

Despite Bitcoin inscriptions being added to the NVD’s CVE list on December 9, Dashjr claims no responsibility for their inclusion. The CVE list, where any developer can report a vulnerability, was updated by the NVD on December 11, assigning Bitcoin inscriptions a “5.3 Medium” severity score.

Dashjr clarified that while the score reflects a low availability impact on the Bitcoin network, it may underestimate the potential long-term effects, suggesting a higher score if considering blockchain bloat’s extended impact.

The ongoing debate surrounding Bitcoin inscriptions involves conflicting views. Critics argue inscriptions are causing network spam, while Ordinals protocol advocates, such as Taproot Wizards co-founder Udi Wertheimer, deem them crucial for Bitcoin’s next adoption wave and revenue generation.

The Bitcoin network has faced congestion due to increased activity related to Ordinals’ nonfungible token inscriptions and BRC-20 token minting, leading to over 275,000 unconfirmed transactions and rising transaction costs.

As discussions persist, the potential patching of the so-called “inscriptions bug” could impact future Ordinals’ inscriptions on the Bitcoin network. The situation underscores the challenges and differing perspectives within the Bitcoin community regarding the protocol’s scalability and utility in handling increased activity.

Image by Freepik

Disclosure Statement: Miami Crypto does not take any external funding, or support to bring crypto news to the readers. We do not have any conflicts of interest while writing news stories on Miami Crypto.

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