Revolutionizing Bitcoin with BRC-69 Standard

Bitcoin Ordinals launchpad platform, Luminex, has proposed a groundbreaking standard, BRC-69, designed to simplify the creation of Recursive Ordinals collections.

Revolutionizing Bitcoin with BRC-69 Standard

This innovative standard is set to reduce inscription costs and streamline the on-chain pre-reveal process, marking a significant milestone in the Bitcoin ecosystem.

The Power of Recursive Inscriptions

The introduction of recursive inscriptions last month by Ordinals developers has been a game-changer, helping to overcome Bitcoin’s 4 MB per block size limitation.

This innovative approach allows inscriptions to work together, breaking the barriers that previously made Ordinals inscriptions representing tokens and NFTs on Bitcoin independent of one another.

BRC-69: A Cost-Effective Solution

Luminex‘s BRC-69 standard is not just a technological advancement; it’s a cost-effective solution. The platform claims that BRC-69 can reduce the cost of inscriptions by over 90%, optimizing the Bitcoin block space as the number of inscriptions grow.

This reduction is achieved through a 4-step process of inscribing traits, deploying a collection, compiling it, and minting the assets.

Enhancing the Minting Process with BRC-69

With BRC-69, minters only need to inscribe a single line of text rather than a full image. This text serves as a reference, allowing the final image to be automatically rendered across Ordinals frontends, only using on-chain resources.

The result? A flawlessly rendered image that can be dragged, dropped, and saved as typical image type Ordinals.

BRC-69: Paving the Way for Future Enhancements

Beyond cost savings, BRC-69 paves the way for more enhancements and features. For instance, it enables the launching of collections with a fully on-chain pre-reveal process. This means the unveiling of a collection, including the final image and its associated traits, happens directly on the blockchain without requiring off-chain resources.