Bitcoin Core to unilaterally remove controversial OP-Return limit

Summary

Bitcoin Core developers will remove the 80-byte limit on OP_RETURN outputs in the upcoming network upgrade, allowing for more efficient data inclusion. This change, announced by developer Greg Sanders, aims to address the outdated nature of the limit, which was originally intended to promote cautious use of block space for non-payment data. The proposal, initiated by Peter Todd at Chaincode Labs' request, reflects current usage trends where users circumvented the limit through less efficient methods. Benefits of the change include a cleaner UTXO set and improved network consistency. However, the decision has faced criticism for lacking broad consensus and concerns over potential impacts on Bitcoin's financial utility. Users can opt to remain on the previous version or use alternative implementations.

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