Bitcoin Ordinals, Luminex’s launch platform, offers the BRC-69 standarda new standard for creating collections of recursive ordinals. This standard claims to reduce registration costs by more than 90%.
BRC-69: a step forward for collections of recursive ordinals
The Bitcoin Ordinals launch platform, Luminex, introduced the BRC-69 standard in order to facilitate the creation of collections of recursive ordinalsthereby reducing registration costs and improving the reveal process on the channel.
Ordinals developers recently introduced recursive registrations, helping to overcome Bitcoin’s 4MB block size limitation which restricts the size of NFTs by allowing listings to work together.
Concretely, this means that in the past, each Ordinals listing that represented a token or NFT on Bitcoin operated independently, without having knowledge of the other inscriptions present on the blockchain. However, with the introduction of recursive registrations, it is now possible to refer to the content of other listings using a special syntax.
This allows listings to work together and to create more complex interactions between the different tokens and NFTs of Ordinals on Bitcoin. In other words, recursive registrations allow greater interconnectivity and closer collaboration between different elements of the blockchain.
BRC-69 Standard Reduces Listing Costs by Over 90%
Based on this, Luminex asserts that the BRC-69 standard can reduce registration costs by more than 90%, thus helping to optimize the Bitcoin block space as the number of registrations increases. This reduction is achieved through a four-step process of registering features, deploying a collection, compiling it, and emitting the assets, Luminex explains.
Luminex’s proposal means that senders only need to enter a single line of text instead of a full image. This text serves as a reference, allowing the final image to be automatically rendered on Ordinals interfaces, using only resources on the string. “The end result? A perfectly rendered image. Unlike other SVG recursive collections, these images can be moved, dropped, and saved just like regular image-like Ordinals,” says Luminex.
In addition to cost savings, Luminex claims that the BRC-69 standard paves the way for new improvements and features. For example, launching collections with an entirely on-chain pre-reveal process, which means that revealing a collection, including the final image and its associated features, is done directly on the blockchain without requiring off-chain resources.
The Ordinals protocol gained notoriety earlier this year, enabling the creation of tokens and NFTs on Bitcoin and driving an increase in network transactions and fees.
Source : TheBlock