The team behind Bitcoin Core has decided to lift a long-standing restriction on the size of OP_RETURN transaction data in its next software update.
This change will allow larger amounts of information to be included in transactions and remove the limit on how many OP_RETURN outputs can be added to a single transfer.
OP_RETURN is a special feature that lets users add small amounts of data to the Bitcoin
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network. Unlike normal transaction outputs, OP_RETURN outputs cannot be spent and do not add to the list of unspent transaction outputs, or UTXOs.
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The 80-byte limit on OP_RETURN data was initially added to discourage the use of Bitcoin’s limited block space for purposes other than payments. However, Bitcoin developer Greg Sanders explained in a May 5 GitHub post that this limit has become outdated.
The proposed change, pull request 32359, was developed by Bitcoin contributor Peter Todd at the request of Chaincode Labs. The new update will let nodes relay and miners include transactions with larger OP_RETURN outputs by default.
Sanders noted that while large data inscriptions will continue either way, removing the size limit allows them to happen in a clearer and less harmful manner. It also provides benefits such as a cleaner set of spendable outputs, more consistent behavior across the network, and better alignment with how users are already using Bitcoin.
Meanwhile, the Ethereum Foundation recently announced that it will focus on solving user experience issues and improving the core Ethereum
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network. Why? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
