Bitcoin Ordinals Launchpad Luminex Proposes BRC-69 Standard to Simplify Recursive Ordinals Collections
Bitcoin Ordinals launchpad platform Luminex has put forward a proposal for the BRC-69 standard, aimed at making the creation of Recursive Ordinals collections easier and more efficient. This proposal is designed to reduce inscription costs and streamline the on-chain pre-reveal process.
Key Points:
– Ordinals developers recently introduced recursive inscriptions to overcome Bitcoin’s block size limitation.
– Recursive inscriptions allow inscriptions to work together, enabling larger NFTs on Bitcoin.
– Luminex claims that BRC-69 can reduce inscription costs by over 90%.
– The proposal involves a 4-step process of inscribing traits, deploying a collection, compiling it, and minting the assets.
– Minters only need to inscribe a single line of text, which serves as a reference for automatically rendering the final image.
In addition to cost savings, Luminex believes that BRC-69 opens the door to more enhancements and features. For example, it enables the launch of collections with a fully on-chain pre-reveal process, eliminating the need for off-chain resources.
Hot Take:
Luminex’s BRC-69 proposal for the Bitcoin Ordinals platform is a significant development in simplifying and optimizing the creation of Recursive Ordinals collections. By reducing inscription costs and streamlining the pre-reveal process, this standard has the potential to drive further innovation and adoption of NFTs on the Bitcoin network. With the ability to render flawlessly and interact like traditional images, these collections can offer a seamless user experience.
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