In an unusual turn of events, the Bitcoin Ordinals marvel continues to surpass all expectations. On July 3, the protocol unveiled BRC-69, a new token standard that brings inventive solutions to the service, fine-tuning expenses and time associated with inscribing data.
Ordinals inscriptions, otherwise called Bitcoin NFTs, previously struggled with a constricting 4 MB cap within the ecosystem. However, the inception of Bitcoin Ordinals BRC-69 overrides such constraints by tapping into the power of ‘recursive inscriptions’. Through recycling inscribed data, users can now retrieve information from existing inscriptions and leverage it to generate new ones — leading to the creation of high-grade generative artworks with a 90% reduction in transaction costs.
WTF are recursive inscriptions?
Here is everything you need to know:
Earlier this year the Ordinals Protocol introduced the ability for anyone to inscribe files fully on-chain onto Bitcoin. These inscriptions are self-contained and unaware of the other files that had been… pic.twitter.com/O3jt6lhaxT
— Leonidas (@LeonidasNFT) June 12, 2023
BRC-69 Tests and Trials
Recursive inscriptions are issued using a state-of-the-art syntax ‘/-/content/:inscription_id’ to request content of already minted inscriptions on the Bitcoin blockchain. The modification opens numerous possibilities, unlocking a more cost-effective approach by no longer inscribing 10,000 JPEG files for a PFP collection individually. By inscribing 200 traits of a particular group and generating 10,000 other inscriptions to render images and retrieve a small amount of code, buyers can save millions of dollars in transaction costs, as already proven by Bitcoin Apes.
Beyond this, Bitcoin Ordinals BRC-69 tests broader horizons. As demonstrated by OnChainMonkey, by inscribing bundles of code that all can access, the token standard inscribes ‘p5.js’ and ‘Three.js npm’ onto the blockchain, enabling the NFT project to mint exquisite art with file sizes lower than 1 KB for its forthcoming Dimension drop. Anyone can venture into similar endeavors, minting high-quality generative art without breaking the bank.
Another possibility includes allowing individuals to upload multiple code packages, defeating the previously existing 4 MB barrier. Since most software pieces consist of compiled code amalgamations, Bitcoin can evolve into an internal network where files can request data from other files on the blockchain.
As BRC-69 develops, its impact on the Bitcoin blockchain’s history cannot be emphasized enough. By tapping into the full power of blockchain technology, the landscape of innovation and digital art evolves and becomes more accessible at cost-effective prices.
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Digital art fanatic who brings a unique perspective to NFT news.