Revolutionizing Bitcoin: Introducing BRC-69 Tokens with Recursive Inscriptions

Luminex.io's Breakthrough Proposal Aims to Slash Transaction Costs and Unlock Infinite Possibilities for Bitcoin's Future

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The Ordinals protocol is giving rise to new developments in Bitcoin. One of the most recent are the BRC-69 tokens, whose peculiarity is the inclusion of recursive inscriptions.

The proposal, devised by developers at Luminex.io, has the potential to reduce transaction costs by 90%. This is because, as these tokens are able to communicate with other existing tokens, there will be certain data that can be reused and will not need to be reloaded into the Bitcoin blockchain.

That feature is called recursive inscriptions. In the context of the Ordinals protocol, the recording of data such as text, audio, images, videos and applications in a part of Bitcoin transactions called Witness is called “inscriptions”.

Recursive inscriptions are used to circumvent the 4-megabyte (MB) limitation of Bitcoin blocks by allowing multiple tokens to “work together” or even be inserted into other tokens.

To cite a concrete example, imagine a collection of digital art in the form of a non-fungible token (NFT).

Instead of uploading 1,000 JPEG files to network accounting, one could upload the necessary data to a few inscriptions and, from those inscriptions, share the code with others who wish to use it in the future.

Technical aspects of Bitcoin BRC-69 tokens.

The BRC-69 token proposal in Bitcoin highlights the importance of preserving resources in the network by optimizing the space used in Bitcoin blocks.

By enrolling certain data (such as some images or features in art collections) once in the implementation transaction, tokens are composed of an HTML file that references these features in a relatively short line of code.

This new standard for creating NFT collections in Ordinals involves several steps, such as enrolling the trait images, enrolling a BRC-69 collection implementation JSON, enrolling a BRC-69 collection compiler JavaScript, and enrolling the BRC-69 asset with the minting operation.

Such a process involves no extra steps for users. Those platforms and applications that support recursive enrollments will display the final results automatically.

Leonidas, known as a reference and collector in the world of the Ordinals protocol, assured that BRC-69s can have a massive impact on Bitcoin and are a very important moment within its history.

“Bitcoin will essentially have an internet of its own where every file can request data from the other files in Bitcoin. It is not yet clear how this will be used, but it is certainly an important moment in its history.”

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