Cryptocurrency News Today TheBitTimes.com

Bitcoin Core developer Luke Dashjr isn’t a fan of Ordinals or the privacy service Samourai. As CTO of OCEAN, a new bitcoin mining pool contributing over 540 petahashes per second, he’s making his views very clear. Indeed, he and his partner, Bitcoin Mechanic, recommend filtering out Ordinals as spam. Since January, Dashjr has been working to filter out Ordinals transactions from his personal Bitcoin node. (For a brief primer on Ordinals, see Protos’ prior coverage here.) He is now filtering them out from his mining pool’s node. Casey Rodarmor’s Ordinals permanently inscribe data into Bitcoin ’s blockchain within the script of a Taproot transaction input, taking advantage of Bitcoin ’s Segwit witness data discount. This not only saves Ordinals users on fees, but also allows users to store up to 4MB of data storage per block. Dashjr believes this work-around is a spam “bug” that uses Segwit and Taproot upgrades in ways that deviate from the transaction-oriented intention...

Binance Pool, the Bitcoin (BTC) mining pool, is launching an Ordinals inscription service for users to annotate satoshis, store ownership records, and more. To access this service , users must have a verified account and a Taproot address, the most recent Bitcoin address format activated in 2021. You might also like: Binance to halt BUSD support due to legal issues Even with Bitcoin’s recent price decline and waning enthusiasm for non-fungible tokens (NFTs), Ordinals inscription s remain popular on the Bitcoin network. In an Aug. 21 report, the Ordinals Protocol disclosed that out of the 530,788 transactions on Bitcoin, 84.9% were inscription s. Therefore, as a customized feature, the decision for the Binance Pool to refocus on Ordinals appears logical. Binance remains in the public spotlight due to regulatory uncertainties. The exchange is tussling with the United States Securities and Exchange Commission (SEC) and considering an exit from the Russian market due ...