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Tuesday, April 30, 2024

US Agency Identified Bitcoin Inscriptions as Cybersecurity Risk

The U.S. National Vulnerability Database (NVD) has recognized that BRC-20 standard tokens exploit a vulnerability in the Bitcoin code.

According to the official notice, in some versions of the backbone of the network builders, Bitcoin Core and Bitcoin Knots, BRC-20 tokens bypass the established restrictions on the size of additional information contained in the “inscriptions.” The Ordinals protocol allows them to obfuscate data by disguising it as code, as one code developer has already discussed.

The agency has flagged “inscriptions” created using the Ordinals protocol as a cybersecurity threat to the Bitcoin (BTC) network. Being listed in the NVD database means that the identified vulnerability has been determined to be of high public awareness. However, it is still at the analysis stage.

The agency also emphasized that BRC-20 has already heavily clogged the first cryptocurrency network. According to representatives, this will negatively impact blockchain performance and transaction fees.

Read the rest of the story at crypto.news, here.

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Homeland Security Today
The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.
Homeland Security Today
Homeland Security Todayhttp://www.hstoday.us
The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.

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