BRC-69: The New Token Standard Revolutionizing Bitcoin Ordinals

Bitcoin Ordinals, as they are often called bitcoin(BTC) version of NFTs, are experiencing a major boom as a new token standard BRC-69, on July 3 latest standard brings an innovative solution to reduce time and cost of making engravings on the bitcoin blockchain.

Until now, the Ordinals had a 4MB limit on What can be written on bitcoin. However, the introduction of BRC-69 aims to overcome this limitation through a mechanism called “recursive inscriptions”. This mechanism enables users to extract data from existing patterns and make use of them in creation new Ones bypass size restrictions.

BRC-69 token standard as described on The protocol GitHub’s GitHub page allows recycling of already Writing data and reducing costs through more than 90%.

Simplicity of BRC-69 has been recognized before team In Luminex, the launchpad that announced the new standard. They explained that only knives need to record one line of text instead of a full picture. this text allows the final The image is displayed automatically on All ordinal interfaces using on-String sources thanks to recursive inscriptions.

BRC69 token standard To process a bitcoin block space challenges

limited mass space of Bitcoin was a topic of discussion since launch of arrangement. High transaction fees and a bloated blockchain have raised concerns among community. However, recursive inscriptions a way to address this challenges.

According to Leonidas, an NFT historian and self-proclaimed collector of The Ordinals, recursive inscriptions have enormous implications. Users can explore new possibilities by evading the 4MB limit, such as ” sky is the limit,” he tweeted.

Leonidas also highlighted it bitcoin It effectively acquires an internal internet, where files can request data from it one last. micro applications of This progress has not yet been fully achieved, but it undoubtedly indicates a critical Moment in the history of bitcoin.

this latest development adds to growing excitement in arrangement space. Recently, bitmaps have emerged as the leader in Daily bitcoin Inscriptions by entering a protocol that enables users to claim ownership of bitcoin Locking blocks highest position in the operation.