The Bitcoin Ordinals launchpad platform, Luminex, announced the BRC-69 standard, designed to simplify the creation of Recursive Ordinals collections, lower costs, and streamline the pre-launch process on the chain.
Luminex Announces BRC-69 for Bitcoin Ordinals
Last month, Ordinals developers introduced recursive ordinals, which allowed Ordinals to work together, pushing beyond the 4 MB limit per block size that was constraining Bitcoin NFTs. In the past, Ordinals created on Bitcoin were entirely independent, with no possible connections to other Ordinals. Now, with Recursive Ordinals, a unique syntax can be used to reference content from other Bitcoin Ordinals.
Luminex believes that with the BRC-69 standard, the cost in Ordinals can be reduced by over 90%, and as the number of Ordinals increases, the Bitcoin block size can be optimized. According to the Bitcoin Ordinals launchpad platform, this cost reduction is achieved through a four-stage process: writing features, distributing an NFT collection, compiling, and minting assets.
Luminex’s proposal implies that miners only need to write a single line of text instead of a full image. This line of text serves as a reference, allowing for the final image to be automatically generated on Ordinals front ends, using only on-chain resources, resulting in a seamlessly processed image. Contrary to other SVG recursive NFT collections, these images can be dragged, dropped, and saved as typical image-type Ordinals.
Opening the Way for More Features
In addition to lowering costs, Luminex notes that BRC-69 opens the door for more developments and features. For example, the launching of collections with a full on-chain pre-launch process, which means the unveiling of an NFT collection, including the final image and related features, is conducted directly on the Bitcoin Blockchain, without needing off-chain resources.
The Bitcoin Ordinals protocol, which was launched earlier this year, paved the way for the creation of tokens and NFTs on the Bitcoin Blockchain. This development led to a significant increase in the number of transactions and fees on the Bitcoin network.
