Bitcoin Ordinals Launchpad Introduces BRC-69 Standard, Promising 90% Cost Reduction
Luminex, a launchpad platform for Bitcoin Ordinals, has proposed a new BRC-69 standard which promises a staggering reduction of more than 90% on inscription costs.
Ordinal inscriptions are digital assets similar to NFTs, inscribed on a Satoshi, the lowest denomination of a Bitcoin (BTC). Bitcoin Ordinals are on-chain, directly written on the Bitcoin network. Ordinals previously had a 4-megabyte limit on inscriptions.
According to the Luminex protocol’s GitHub, there is a need for inventive solutions where creators can bring their ideas while optimizing efficiency. BRC-69 looks to bypass the inscription limit through “Recursive Inscription” – calling data from existing inscriptions and using that within new ones.
The BRC-69 standard works in a 4-stage process of inscribing traits, deploying the collection, compiling it and finally, minting assets.
“Additionally, this standard paves the way for more intriguing on-chain features, such as pre-reveal collection launching and on-chain reveals,” Luminex post read. “This is accomplished by automatically and seamlessly rendering images on the Ordinals explorer, without the need for additional action.”
With Luminex’s BRC-69 standard, minters would only need to inscribe a single line of text instead of an entire image. This text serves as a reference allowing the final image to be automatically rendered across Ordinals frontends, through on-chain resources.
On June 12, Ordinal developers introduced recursive inscriptions to overcome Bitcoin’s 4MB cap per block that restricts the size of NFTs. Per a Tweet by pseudonymous developer Leonidas, creator of the Ord.io marketplace for inscriptions, the new feature “unlocks many powerful use cases.”
“It's unclear yet exactly how people will use
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