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Cryptocurrencies: 30063
Markets: 114434
Market Cap: $2,766,072,159,156     
24h Vol: $117,489,825,481
Coin-turk.com 2023-07-05 06:45:20

Luminex Announces BRC-69: A New Standard Set to Decrease Ordinals Costs by Over 90% 

Luminex Announces BRC-69: A New Standard Set to Decrease Ordinals Costs by Over 90% 
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, […] The post Luminex Announces BRC-69: A New Standard Set to Decrease Ordinals Costs by Over 90%  appeared first on COINTURK NEWS.
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