A Bitcoin developer wants an end to BRC-20 Network Spam
A Bitcoin Core developer is unhappy with the BRC-20 ordeal and memecoin madness that has clogged the network.
A prominent Bitcoin developer has gotten the better of the ordinals and memecoin craze that is crippling the blockchain. On May 8, he said, “action should have been taken months ago,” referring to the ordinals counter-ignition.
In what can be described as a digital fatwah, Luke Dashjr sent an email as a call to action. In it, he said that “spam filtering has been a standard part of Bitcoin Core since day one.”
“It is a mistake that the existing filters were not extended to Taproot transactions.”
He said this is a “bug fix” so there’s no need to wait for a major release. The message has been widely shared across the crypto community with varying responses.
Luke Dashjr was very instrumental in implementing the SegWit upgrade in 2017.
Ethereum attorney Ryan Berckmans called it a “civil war” between BTC Core developers, miners and ordinal holders.
Some developers, like Dashjr, view ordinals and BRC-20 memecoins as spam. However, they are beneficial to BTC miners as transactions and fees have skyrocketed due to increased demand for block space.
Bitcoiner and Glassnode analyst ‘Checkmate’ said it was not a civil war, but “an email from a very ideological Bitcoin developer.”
Kraken Product Manager for NFTs, Washington Sanchez, commented:
“Luke is waging a 1-man jihad against Ordinals, I doubt the other developers will take him seriously based on their precious comments that Bitcoin worked as expected if people submitted valid transactions.”
Divisions in the Bitcoin community are not new – they have happened before and will most likely happen again. Additionally, Bitcoin appears to be having an “Ethereum moment” with fees actually higher than those currently on the Ethereum chain.
BTC network transactions and fees are rising
For those who want to use Bitcoin for its intended purpose – digital money – the current situation is unsustainable. Daily BTC network transactions have surged to record highs of over 600,000, according to Bitinfocharts. Furthermore, this has pushed up the price of using the blockchain.
Transaction fees rose as high as $30 on May 8 and 9, and the network remains crippled even though it is still processing blocks. Industry observer Will Clemente commented:
“Bitcoin transaction fees are now higher than they were at the peak of the 2021 bull market. WOW!”
Mempool Space shows that there are currently more than 390,000 pending transactions on the Bitcoin blockchain.
In addition, total fees per block temporarily exceeded the block support reward of 6.25 BTC for the first time in six years earlier this week.
On May 9, the total market capitalization of the BRC-20 token surpassed $1 billion, and the hype shows no signs of abating.
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