Bitcoin Ordinals community debates fix after inscription validation bug

Share This Post

Currently, over two-thirds of voters on a Twitter poll said the missed inscriptions should be added at a later date instead of there being a retroactive reshuffling.

A few solutions are being discussed to fix a code bug found in the Bitcoin (BTC)-native Ordinals protocol which has prevented over 1,200 inscriptions from being validated.

While nearly every member of the Ordinals community agrees that these inscription requests should be reincluded, the community is debating whether they should be added retroactively or not.

The bug came from the indexer function of the protocol only counting inscriptions that were in the first input of a transaction submitted up to and including version 0.5.1 of the protocol.

One prominent Ordinals member known on Twitter as “Leonidas.og” summarized the pros and cons of each solution in an April 10 tweet, coming a few days after the issue was first made public on April 5 by the GitHub user “veryordinally.”

The first solution involves selecting a block height to retroactively index the so-called “orphan” inscriptions from inscription number 420,285 onwards, which is roughly where the first orphan inscription was identified.

“This feels like the ‘purist’ solution because it means the ordinals protocol would correctly match the logical ordering on-chain,” Leonidas.og explained, despite acknowledging that the reshuffling “may cause other complications.”

The alternative is to not change inscription numbers that have already been validated and to pick a block height to add these orphan inscriptions in at some time in the future, Leonidas.og explained:

“This would not change any existing inscription numbers so the ~1,200 orphans would not be assigned inscription numbers officially in the protocol. It would be up to the market to value them as ‘misprints’ or not.”

Another Ordinals GitHub community member, “Yilak” argued in favor of not changing up the order because only a fraction of inscription owners have been impacted.

Related: Bitcoin Ordinals daily inscriptions surge due to ‘BRC-20 tokens’

At the time of writing, 67.5% of 1,266 voters are in favor of not changing the inscription numbers according to a Twitter poll created by Leonidas.og.

On April 8, the number of Bitcoin Ordinals inscriptions surpassed 1 million according to data from the crypto analytics platform Dune. It came just days after daily new inscriptions hit a record of over 76,300 on April 4.

Ordinals are considered to be digital artifacts on the Bitcoin network, similar to that of nonfungible tokens (NFTs) and can compromise of images, PDFs, video or audio formats.

Magazine: Unstablecoins: Depegging, bank runs and other risks loom

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

MEW Set to Hit All-Time High, Key Data Reveals

The post MEW Set to Hit All-Time High, Key Data Reveals appeared first on Coinpedia Fintech News The popular Solana-based meme coin Cat in a Dog World (MEW) is gaining significant attention from the

Analyst Predicts Dogecoin Price Will More Than Double To $0.37, The Timeline Will Shock You

Analyst Crypto Universe has predicted that the Dogecoin price will enjoy a gain of over 100% as it rises to $037 While the prediction undoubtedly looks feasible, the timeline for which he said this

Pump.fun launches ‘Advanced’ terminal to rival Photon, confirms token launch

Solana-based memecoin launch platform Pumpfun teased a new token and potential airdrop following its most successful week to date The announcement was made during a Twitter Spaces event introducing

Bitcoin Price Headed For $35,720? Why Muted Volume Could Trigger Major Crash

Alan Santana, a crypto analyst on TradingView, has predicted that the Bitcoin price could potentially experience a drastic decline to new lows around $35,720, driven by muted buying volume The

Latam Insights Encore: Brazil Can Lead the Way to Full BRICS De-Dollarization

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week In this edition, we examine the recent movements by Brazil to

Stacks Activating Nakamoto Upgrade In 8 Days, Will STX Break $2?

Stacks Network, the Bitcoin layer-2, is one of the largest DeFi protocols on the world’s most secure platform DeFiLlama says the platform manages over $109 million worth of assets It continues