Bitcoin Community Split Over Key Proposal To Add Data
Summary
Bitcoin developers are debating a proposal to remove OP_RETURN limits, which currently restrict data storage on the blockchain to 83 bytes. This change would enable larger non-financial data storage, such as text and images, within transactions, though still subject to a 100-kilobyte transaction size limit. Proponents, including Peter Todd, argue that this change is necessary as users already find workarounds. Critics, like Jason Hughes, warn that it could undermine Bitcoin's core purpose and turn it into a "worthless altcoin." Supporters view the proposal as a way to expand Bitcoin's functionality beyond financial transactions. Concerns about increased transaction fees due to data-heavy transactions have also been raised.
