Luminex Introduces BRC69: A Revolutionary Standard Slashing Bitcoin Ordinals Collection Costs by Over 90%

By 0xK2 07/4/23 3:43 AM

Luminex, the leading Bitcoin Ordinals Launchpad platform, has recently announced the launch of an innovative ordinal collection standard called BRC69. This new standard aims to significantly reduce the costs associated with inscribing Ordinals collections by over 90%. Additionally, BRC69 enables the seamless launch of collections with an entirely on-chain pre-reveal process, revolutionizing the way these collections are created and managed.

The need for a Recursive standard arises from the growing number of inscriptions within Bitcoin block spaces, which are becoming increasingly scarce and costly. Luminex recognizes the importance of providing innovative approaches that allow creators to manifest their ideas while optimizing efficiency. BRC69 addresses this challenge by streamlining the inscription process and minimizing the resources required.

🟨 (1/7) GM! Today, we’re excited to introduce BRC69, a revolutionary standard for creating Recursive #Ordinals collections with ease. This standard will be instrumental in launching Recursive collections on Bitcoin.

More details here: https://t.co/zaID07tnD5

🧵👇 pic.twitter.com/jmzSMVOYme

— Luminex (@luminexio) July 3, 2023

The BRC69 standard simplifies the inscriptions for Ordinals collections by allowing minters to inscribe a single line of text instead of a full image. This text acts as a reference, and the final image is automatically rendered on all Ordinals frontends through the use of recursive inscriptions. This breakthrough significantly reduces the time, effort, and resources needed to create and display flawlessly rendered images within these collections.

One of the key advantages of BRC69 is its high flexibility, which opens the door for further enhancements and features. For example, the standard enables the launch of collections with an entirely on-chain pre-reveal process. This means that creators can now unveil their collections on-chain, eliminating the need for external platforms or intermediaries. Luminex is eager to test this exciting feature with its upcoming launches on the platform.

By drawing inspiration from earlier ordinals standards such as GBRC721 and BitGen, Luminex has developed BRC69 as a groundbreaking solution to optimize the costs associated with inscribing on the Bitcoin blockchain. This new standard not only reduces the strain on Bitcoin block spaces but also paves the way for more intriguing on-chain features and improvements within the Ordinals ecosystem.

As the Ordinals protocol gains traction and more users embrace Non-Fungible Ordinals collections on Bitcoin, the need for an optimized launching standard becomes paramount. Luminex’s introduction of the BRC69 standard addresses this need, preserving on-chain resources while achieving remarkable efficiency gains. By automatically rendering images on the Ordinals explorer without additional steps, BRC69 eliminates unnecessary complexity and enhances the user experience for both creators and collectors.

The impact of implementing BRC69 is expected to be significant. With the reduced duplication of image inscriptions and the streamlined deployment process, Bitcoin block space utilization will become more efficient. Moreover, the ability to seamlessly render images on front-end interfaces that have already implemented Recursive Inscriptions will save time and resources, further enhancing the overall performance and accessibility of Ordinals collections.

Luminex’s BRC69 standard marks a major milestone in the evolution of Bitcoin Ordinals collections. By reducing costs, optimizing block space utilization, and enabling on-chain pre-reveal launches, this innovative standard sets a new benchmark for efficiency and convenience within the Ordinals ecosystem.

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