Originally, this restriction aimed to discourage excessive use of block space for non-payment purposes. However, developers now say the limit no longer serves a purpose and that its removal will lead to a more efficient and transparent data flow.

What Is the Impact of Removing OP_RETURN?

OP_RETURN is a special transaction output that allows small pieces of data to be stored on the Bitcoin blockchain. It gained popularity during the ordinals hype in early 2024. Unlike standard outputs, OP_RETURN data is unspendable and doesn’t bloat the UTXO set.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Users had already found ways to bypass the restriction, often using fake output addresses that were more damaging to the network. Developers argue that lifting the limit will promote network consistency, a cleaner UTXO set, and better reflect real-world Bitcoin usage.

Mixed Reactions from the Community

The change is not without controversy. Well-known Bitcoiner Samson Mow commented that users could simply stick with version 29.0 or use an alternative client. Others criticized the lack of proper consensus, suggesting the update was rushed without broader agreement.

The decision reignites a long-standing debate: Is Bitcoin solely a financial tool, or should it also function as a decentralized publishing platform?

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Bitcoin Core Removes Controversial OP_RETURN Limit appeared first on Coin Engineer.

Network upgrades are a common occurrence in the cryptocurrency world. They often involve introducing new features or improving existing ones. However, these upgrades can also introduce instability or bugs into a network. To mitigate any potential risks during the Filecoin network upgrade, Upbit has decided to temporarily halt trading. This precautionary measure is designed to protect users from any disruptions or losses that may occur during the upgrade process.

The NV23 upgrade is expected to bring several improvements to the Filecoin network, including:

Enhanced Network Performance: Faster transaction times and reduced storage costs.

Improved Interoperability: Better integration with the broader blockchain ecosystem, especially Ethereum.

Soft Launch of Filecoin Plus v3: This will significantly reduce block confirmation times.

In the past 24 hours, FIL has experienced a 2.65% decline, trading at $4.34. The exact timing of when Upbit will resume FIL trading remains uncertain and will depend on the successful completion of the network upgrade.

The post Upbit Halts Filecoin Trading Ahead of Network Upgrade appeared first on Coin Engineer.