Bitcoin’s OP_RETURN Upgrade: Expanding Data Capacity & Impact

A major update to the Bitcoin protocol is set to increase the capacity of OP_RETURN data, a move that could significantly impact its functionality and applications. This change, designed to enhance the blockchain’s versatility, will affect developers creating decentralized apps (dApps) and other services. 80-byte limits on OP_RETURN will be raised, offering more space for storing data within transactions. This flexibility will enable developers to embed diverse information beyond simple transactions, potentially including smart contracts, metadata storage, and advanced applications.