Bitcoin Community Divided Over Mining Pool’s Filtering of NFT-like Transactions

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Opinions are divided in the Bitcoin community over the actions of a new mining pool called Ocean, which is working to filter out certain transactions that it considers to be “spam.” Led by developer Luke Dashjr and backed by Block Inc.’s Jack Dorsey, the project aims to remove NFT-like transactions from the Bitcoin blockchain. Dashjr argues that this is not censorship, but rather a way to address a vulnerability in the dominant Bitcoin Core software that has been exploited by spammers.According to CoinDesk’s Sam Reynolds, the number of unconfirmed transactions on the Bitcoin blockchain is on the rise, currently exceeding 260,000. Dashjr explains that the use of Ordinals inscriptions, which are often associated with NFTs on Bitcoin, bypasses the size limit on extra data in transactions set by Bitcoin Core. However, Jason Fang, managing partner at Sora Ventures, suggests that for now, these inscriptions are likely to be safe as many miners will avoid processing them due to their profitability.The debate centers around whether the Bitcoin blockchain should remain uncluttered to preserve its use for payments. Some argue that filtering out certain transactions is necessary to maintain the integrity and efficiency of the network, while others view it as a form of censorship. The actions of the Ocean mining pool have sparked a lively discussion within the Bitcoin community.

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