Bitcoin Inscription: Will it disappear? How secure is it?

In today's era of rapid development of digital finance, Bitcoin, as a decentralized cryptocurrency, is gradually being accepted and used by more and more people. However, the security of Bitcoin and whether its inscription (i.e., transaction information on Bitcoin) will disappear have still aroused widespread discussion and concern. This article will explore the current status and future of Bitcoin inscriptions, analyze its security, and provide some unique insights.

First of all, Bitcoin inscriptions refer to transaction information recorded on the blockchain. This information includes not only the time, amount, sender and receiver addresses of the transaction, but also some additional notes or data. The decentralized nature of the Bitcoin blockchain makes these inscriptions almost impossible to tamper with or delete once they are recorded. This feature makes Bitcoin inscriptions permanent to some extent and become part of the digital asset. However, as time goes by, many people begin to worry whether these inscriptions will disappear for some reason.

From a technical point of view, the inscription of Bitcoin will not simply disappear. The essence of blockchain technology is to store all transaction information in thousands of nodes around the world. Each node holds a complete copy of the blockchain, which means that even if some nodes fail or are attacked, other nodes can still retain complete information. Therefore, it is almost impossible for the inscription to disappear. However, with the continuous advancement of technology, new challenges may arise in the future, such as the rise of quantum computing, which may pose a threat to current encryption technology. This is also an area we must pay attention to.

When discussing the security of Bitcoin inscriptions, we must first understand the operating mechanism of Bitcoin. Bitcoin uses the SHA-256 encryption algorithm, which is an extremely secure hash function that can effectively protect the integrity of transaction information. Even the most powerful computers require huge computing resources to crack these encrypted messages. In addition, the transaction verification mechanism of the Bitcoin network also provides a guarantee for the security of inscriptions. Before each transaction is added to the block, it needs to be verified by miners across the network. Only when the majority of miners confirm the legitimacy of the transaction will the transaction be recorded in the blockchain. Therefore, from this perspective, Bitcoin inscriptions are relatively safe.

However, security does not mean absolute impeccability. With the popularity of Bitcoin, hacker attacks and online fraud incidents occur from time to time. For example, in the "Twitter hijacking incident" in 2020, hackers successfully controlled the accounts of many celebrities by manipulating Twitter's internal tools, posted false Bitcoin gift information, and defrauded a large number of users of Bitcoin. This incident has caused many people to question the security of Bitcoin. Although this is not a security issue of Bitcoin itself, it reflects the vulnerability of users during the operation process. Therefore, when users conduct Bitcoin transactions, they must be vigilant and take necessary security measures, such as using hardware wallets and turning on two-factor authentication.

For ordinary users, it is also very important to understand the value and significance of Bitcoin inscriptions. Inscriptions are not only a record of transactions, but also a proof of digital assets. With the continuous development of blockchain technology, more and more projects are beginning to explore recording other types of data on the blockchain, such as digital identity, ownership of artworks, etc. The inscriptions of these data are also permanent and tamper-proof, and may bring us more application scenarios in the future. Therefore, the value of inscriptions is not only reflected in Bitcoin transactions, but also in the potential of blockchain technology it represents.

However, as the Bitcoin market fluctuates, the value of the inscription is also affected. The price of Bitcoin fluctuates wildly, and investor sentiment also fluctuates, making it difficult for the actual value of the inscription to stabilize. For example, in 2021, the price of Bitcoin once exceeded $60,000, but then experienced a sharp correction. This volatility not only affected investor confidence, but also had a certain impact on the overall ecology of the market. Therefore, when considering the future of Bitcoin inscriptions, we must be aware of the risks of market fluctuations.

In this rapidly changing digital economy, the future of Bitcoin inscriptions is full of uncertainty. Although it is technically impossible for inscriptions to disappear, their value and security may be affected by many factors. When users participate in Bitcoin transactions, they must have certain expertise and risk awareness to be invincible in this market. At the same time, with the continuous advancement of technology, we should also pay attention to the impact of emerging technologies on Bitcoin and its inscriptions, such as decentralized finance (DeFi), non-fungible tokens (NFT), etc. These emerging fields may bring new opportunities and challenges to Bitcoin.

Finally, it is worth emphasizing that although the security of Bitcoin inscriptions is guaranteed at the technical level, the user's security awareness and operating habits cannot be ignored. In the process of digital asset management, users should take active measures to protect the security of their assets. Only after fully understanding the characteristics and potential risks of Bitcoin inscriptions can users better participate in this digital economy full of opportunities.

In summary, it is almost impossible for the Bitcoin inscription to disappear, and its security is also guaranteed at the technical level. However, when users participate in Bitcoin transactions, they must be vigilant and enhance their security awareness. In the future, as technology continues to develop, we should also pay attention to the impact of emerging technologies on Bitcoin and its inscriptions. Only in this way can we seize opportunities, avoid risks, and realize the appreciation of wealth in this rapidly changing digital economy era.

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Previously, Luke, a Bitcoin client developer, said that once the vulnerability of the Bitcoin client attacks the Bitcoin network, the vulnerability must be fixed and the Bitcoin inscription will disappear. This statement caused an uproar in the community. Although some people are opposed, most investors are still worried about whether the Bitcoin inscription will disappear, and even doubt whether it is really safe to invest in Bitcoin inscriptions. According to the current data analysis, the possibility of the disappearance of the Bitcoin inscription is relatively small, and it is relatively not very safe. The following Bitcoin Circle editor will explain it in detail.
 Will the Bitcoin inscription disappear?
The possibility of Bitcoin inscriptions disappearing is relatively small. In the existing Bitcoin network, the more mainstream client software are: Bitcoin Core, Bitcoin
Node, Btcd, Bitprim, Bitcoin Knots. The above remarks by Luke are mainly to defend Bitcoin
Knots is a client. This client is currently used by the Ocean mining pool, and Luke is also the CTO of this mining pool. Ocean mining pool is also the former Twitter founder Jack
Dorsey supports this. This mining pool is basically against inscriptions. So it is not surprising that Luke made such remarks.
The Bitcoin network is not just made up of Bitcoin
Knots is the client that determines the miners’ performance. Miners can choose the version they prefer from the above client software and install it according to their preferences.
Knots does not support inscriptions at all. As long as other clients continue to support inscriptions and are supported by the majority of miners, inscriptions will not be eliminated.
According to current online data, there are 17,476 client nodes in the Bitcoin network, and
There are only 76 nodes of Knots client. It can be seen that Knots does not have an advantage in the entire Bitcoin network, not even a fraction. This incident may also develop to the most extreme situation: that is, the interests of developers, miners and the community cannot be coordinated at all, which eventually leads to Bitcoin fork.
After the fork, there will still be a game of mutual competition as to which chain will be considered the authentic Bitcoin. Whether Luke and the participants who support his views will definitely lead this game is also not so easy to see the result in the short term.
 Is Bitcoin Inscription really safe?
Bitcoin inscriptions are not very secure, and their security remains a concern, as inscriptions rely on offline services outside the Bitcoin network for state maintenance, which may lead to the risk of asset loss. In addition, since the Bitcoin network itself does not process these inscriptions, transactions of inscription tokens may not be fully protected by the Bitcoin network.
Whether it is Ordinals NFT or BRC20 token, although the ledger exists on Bitcoin, the consensus rules are off-chain. Therefore, the "inscription" token does not fully share the security of Bitcoin.
As a data availability layer, the Bitcoin chain does not verify the inscriptions. Both valid and invalid inscriptions will be submitted. The Bitcoin chain itself has no ability to distinguish whether an inscription is valid or not. Therefore, although the ledger of the Ordinals protocol is stored on Bitcoin, it is a "dirty ledger". All valid data is stored on it, but not all stored data is valid. The filtering of the "dirty ledger" is completed through "client verification".
This "filtering rule", or the "interpretation rule" for the validity of on-chain data, is the essence of the Ordinals protocol. Only when the set of rules defined by the Ordinals protocol itself has a strong social consensus, the "Inscription" token is safe.
All of the above is the answer to the two questions: Will Bitcoin inscriptions disappear? And is Bitcoin inscription really safe? The concept of inscription involves embedding additional data to a specific satoshi. This data can appear in various digital forms, such as images, text, or other media, and with each satoshi added, Bitcoin becomes more secure. Although data embedding has been part of the BTC protocol for some time. The identification of cybersecurity risks related to Bitcoin inscriptions emphasizes the challenges and vulnerabilities of continued cybersecurity in cryptocurrency networks. In addition, the potential impact of Bitcoin highlights the importance of addressing such vulnerabilities to ensure the continued stability and security of cryptocurrencies. In short, the future development of Bitcoin inscriptions is challenging.