Super Testnet Finds Critical Bug in Ordinals Program
Super Testnet, a Bitcoin-focused independent software developer, has discovered a bug in the Ordinals program that could affect all inscriptions after the point of discovery. This revelation could have a significant impact on the Bitcoin community.
Debugging the Zero-Value Bug
The problematic inscription No. 349272 had zero input and output values, but could still be programmed into a number. According to Super Testnet, upgrading the system would debug the issue but affect all inscriptions after the 3492721 point. The developer has provided a guide for fixing the bug and invited other programmers to conduct similar tests on the Ordinals program.
Bitcoin Maximalists Join the Challenge
English-speaking Bitcoin maximalists have expressed their interest in participating in the challenge to debug the Ordinals program. However, Super Testnet has warned that those who take part in the challenge risk losing 10,000 sats if unsuccessful. The testing process will focus on opposing inscription activities in Bitcoin space on layer 1 and a design elaboration for the Spacechain sidechain. The maximalists have suggested that inscriptions be carried out on layer 2.
Bitcoin Ordinals Reach New Milestone
The discovery of the bug comes just two days after Bitcoin’s daily transactions reached a new all-time high with over 3 million Ordinals inscriptions. Data from Dune Analytics indicates that the number of NFTs linked to the Bitcoin blockchain spiked earlier this week, fueled in part by the launch of the Bitcoin Request for Comment (BRC-20) token standard. This standard allows users to issue transferable NFTs directly through the network, leading to a surge in meme tokens and digital artwork collections.
Market Capitalization of Meme Tokens Increases
Following the introduction of BRC-20, the market capitalization of meme tokens grew to $137 million on May 2. However, Dune Analytics data shows that most new inscriptions are text-based, as they cost less than meme coins and digital art collections due to the network fees depending on the amount of data inscribed. On Monday, out of the 372,000 unique Bitcoin blockchain inscriptions, 371,000 were text-based, with only 316 new image-based inscriptions for applications and tokens.