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Bitcoin Ordinals Protocol Introduces Upgrade To Address Invalid Inscriptions

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In a bid to tackle the long-standing issue of invalid or “cursed” inscriptions within the Bitcoin Ordinals protocol, developers have unveiled a new upgrade that aims to resolve over 71,000 such inscriptions, allowing them to be traded freely. 

This groundbreaking development was announced on June 4 by Raphjaph, a prominent developer involved in the project.

The latest protocol version, ord 0.6.0, implements the initial steps toward recognizing and categorizing cursed inscriptions. 

Notable additions include the ability to authenticate to Bitcoin using usernames and passwords, the introduction of a sample configuration file, and the option to pass in RPC credentials through various methods, such as command-line flags or environmental variables.

The official GitHub repository for the project provides detailed documentation of the changes implemented in this upgrade. These include unbinding inscriptions from zero-sat transactions, refining documentation related to inscriptions made on the first sat of input, and updating the bitcoind RPC authentication options.

Raphjaph further mentioned in a tweet that the ordinals.com website would soon be updated to reflect these changes, ensuring users are well-informed about the recent developments.

Bitcoin Ordinals Protocol Supports Protocol Extensions

Another developer, going by the Twitter name “Ordinally,” expressed excitement over the successful release of ord v0.6.0, which is a significant step forward in realizing their vision for a dynamic and adaptable Ordinals protocol. 

The main focus of this upgrade was to lay the groundwork for a novel concept known as “cursed inscriptions.” These inscriptions allow for protocol extensions without altering existing inscription numbers, striking a balance between innovation and backward compatibility.

The initial release of the upgrade supports only a subset of cursed inscriptions, as the development team takes an incremental approach to ensure the ecosystem can adapt and grow alongside the protocol. 

The introduction of cursed inscriptions aims to foster innovation while maintaining stability and accessibility within the decentralized Bitcoin ecosystem.

The developers emphasized the importance of patience and community involvement in this ongoing journey, highlighting their commitment to balancing innovation with reliability. They assured users that unrecognized tags, including OP_66, would be addressed in future updates.

To engage with the community, the developers plan to introduce a new index for ordinals.com, which will be upgraded to version 0.6.0 in the coming hours. They eagerly await user feedback, expressing gratitude for their support in making the Ordinals protocol more robust and innovative.

It should be noted that existing positive inscriptions will remain unaffected, with no changes to their numbers. However, negative numbers associated with cursed inscriptions will evolve over time as more types are introduced. 

Activation of new inscriptions will occur at a future block height, after which previously cursed inscriptions will be considered blessed. The specific activation mechanism is yet to be implemented, but negative numbers before the activation height will remain negative.

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Monero [XMR] Introduces New RPC Feature To Incentivize Operators To Earn

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Cryptocurrency networks have been trying their best to bring in more investors to their fold. Monero, the privacy-oriented cryptocurrency had a slow 2019 but has started the new year with major updates.

Just recently, Monero announced that they were launching a network update to incentivize server operators to earn Monero as an alternative to ad revenue.

The organization claimed that the new RPC-Pay Up Close feature was an overlooked and underappreciated feature of the Monero network. The main goal of the update was to urge more users to run Monero public nodes. They claimed that users would benefit from the Remote Procedure Calls feature as they would be able to use their Monero mining hashes.

These exact mining hashes are expected to act as a “new stealthy smallest unit” of payment on the Monero network. Using these hashes has a second benefit to Monero.  These hashes will not burden the XMR network and leave space for more transactions. The RPC acts as a way for a client to request data and calculations from a server. According to the official release by Monero:

“A modern family of RPC interface software uses the language of JavaScript Object Notation (JSON) to form messages. JSON is a standard textual format for exchanging data. It relies on name-value pairs and lists of data to define information in a way that is robust, extendable, and human readable.”

With the latest release, Monero network has added a monerod command related to all RPC, rpc_payments. This code sector was created to display information on paying clients and their balances on a user’s console window. The developers behind the updates have said that new capabilities will be added as time progresses. To make it easier for new users to enter the XMR system, Monero has utilized its PoW algorithm.

Coupling Monero’s RandomX with the 0.15 version, any computer can efficiently calculate hashes to make RPC-Pay payments. Riccardo Spagni, the lead developer of the Monero network told users that there will be more updates to make the network faster and much more seamless.

Monero’s latest news has been well received by its fans and many expect the organization to keep up with the times. This comes at a time when the cryptocurrency community is waiting for an altcoin surge. Alts like Litecoin and Monero have been paving the way for a new generation of updates into the digital asset space.