Bitcoin Ordinals Unveils BRC-69 Token Standard

In an unusual development, the Bitcoin ordinal wonder continues to outperform all expectations. On July 3rd, the protocol announced BRC-69, a new token standard that brings creative solutions to the service and fine-tunes the costs and time associated with writing data.

Ordinal Inscriptions, also known as Bitcoin NFTs, were previously plagued by a 4 MB limit within the ecosystem. However, with the start of Bitcoin ordinal BRC-69, such constraints are nullified by harnessing the power of recursive inscriptions. By recycling engraved data, users can take information from existing inscriptions and leverage it to generate new inscriptions, reducing transaction costs by 90% and producing high-quality generative artworks. be able to create.

Is it a recursive inscription?

Here’s what you should know:

Earlier this year, the Ordinals Protocol introduced the ability for anyone to write files completely on-chain to Bitcoin. These inscriptions are self-contained and do not recognize other previously saved files. pic.twitter.com/O3jt6lhaxT

Leonidas.og (@LeonidasNFT) June 12, 2023

BRC-69 Test and Trial

Recursive inscriptions are issued using the state-of-the-art syntax “/-/content/:inscription_id”, requesting the content of inscriptions already minted on the Bitcoin blockchain. This change opens up a lot of possibilities and allows for a more cost-effective approach as it eliminates the need to register 10,000 of his JPEG files individually in the PFP collection. By writing 200 features of a particular group and generating his other 10,000 writes to render images and get a small amount of code, buyers can save millions of dollars in transaction costs . This has already been proven. bitcoin monkey.

Beyond this, Bitcoin Ordinals BRC-69 tests a wider field of view. As demonstrated by on chain monkey, by writing a bundle of code that everyone can access, the token standard writes “p5.js” and “Three.js npm” to the blockchain, allowing the NFT project to move towards the next dimension with a file size of 1 Allows you to cast exquisite art in less than KB drops. Anyone can take on the same challenge and produce high-quality generative art without breaking the bank.

Another possibility is to allow individuals to upload multiple code packages, breaking the 4 MB barrier that existed previously. Since most software pieces consist of an amalgamation of compiled code, Bitcoin could evolve into an internal network where files can request data from other files on the blockchain.

As BRC-69 evolves, its impact on the history of the Bitcoin blockchain cannot be overemphasized. By harnessing the full power of blockchain technology, the innovation and digital art landscape will evolve and become more accessible at a cost-effective price.

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*All investment/financial opinions expressed by NFT PLAZA are based on the site moderator’s personal research and experience and are for educational material only. Individuals should thoroughly research any product before making any type of investment.

A digital art lover who brings a unique perspective to NFT news.