Announcing the introduction of the BRC-69 standard, which aims to address the data limitation challenge previously faced by Bitcoin Ordinals. This innovative token standard utilizes “recursive inscriptions” to extract information from existing Bitcoin inscriptions and create newer ones.
Unlike the previous 4-megabyte limit imposed on Bitcoin inscriptions, BRC-69 bypasses this constraint through the implementation of recursive inscriptions. By leveraging this mechanism, users can extract data from existing inscriptions and utilize it to generate new ones. As outlined on the protocol’s GitHub, the BRC-69 token standard not only recycles already inscribed data but also significantly reduces the associated costs by over 90%.
The Luminex team, responsible for launching this standard, expressed their admiration for its simplicity, highlighting that minters now only need to inscribe a single line of text instead of a full image. This text will then be automatically rendered on all ordinals-frontends, utilizing solely on-chain resources, thanks to recursive inscriptions.
The introduction of BRC-69 aims to alleviate the ongoing concerns surrounding Bitcoin’s limited blockspace and the associated challenges, such as high transaction fees and a bloated blockchain, that were evident during the previous launch of Ordinals.