Will Bitcoin Become the Ethereum Killer?

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With the removal of OP_RETURN from Bitcoin Core, the network is opening up to storing files on the blockchain. That could be a boon for Bitcoin NFTs. Will issuance be next?

Ethereum isn’t the only hot cryptocurrency in May, with some big app-wide changes and a new roadmap.

Bitcoin, the class originator and market cap leader, approved a subtle but big change in May to the way it approves transactions. The network will no longer limit transactions with files larger than 80 bytes.

Bitcoin Opens Up For Business
Previously, Bitcoin limited these types of transactions with an output type called OP_RETURN. The network automatically canceled transactions with files above a tiny size limit. It would turn these into outputs that were unspendable on the network.

But, blockchain developers have found workarounds. For example, there is the BRC-20 standard exploiting Bitcoin ordinals to link files to the blockchain.

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