BTC inscriptions refer to a special form of digital asset on the Bitcoin network. These “inscriptions” or label tokens are created using the Ordinals protocol. NVD’s warning states that certain versions of Bitcoin Core and Bitcoin Knot may bypass storage media restrictions by obscuring data in the code.
By adding this to the list, it signifies that a specific vulnerability has been identified, categorized, and deemed significant for public attention. NVD is currently actively analyzing the vulnerabilities of the Bitcoin network. NVD points to the potential consequences of non-transactional data and spam propagation in the network of the leading cryptocurrency, which could adversely impact performance and commissions.
NVD references a recent statement by Bitcoin Core developer Luke Dashjr, who claims that BTC inscriptions exploit a vulnerability in Bitcoin Core to distribute spam on the network:
“It’s like receiving junk mail that you have to sift through every day. This slows down the process.”
Recently, cybersecurity experts at Unciphered, a company specializing in restoring access to crypto assets, uncovered a vulnerability in the JavaScript Bitcoin library, BitcoinJS. This vulnerability could compromise private keys and is estimated to affect millions of crypto wallets created between 2011 and 2015.
Prior to this, a developer of the Lightning Network identified a vulnerability in a Bitcoin scaling solution that could jeopardize funds being transferred. Fortunately, the vulnerability has already been addressed and resolved.