Bitcoin Ordinals Witnesses Exponential Activity Boost Following BRC-69 Standard Introduction

Bitcoin‘s Bitcoin Ordinals has seen a surge in its activity following the release of the BRC-69 token standard, which allows for NFT creation via a process known as inscribing. 250% Increase in Bitcoin Ordinals Activity The Ordinals launchpad, Luminex, announced the Bitcoin Request for Comment (BRC)-69 token standard on July 3. Since then, activity on Ordinals has increased by over 250%. This increase was achieved with the release of a modified version of the BRC-20 standard for Ordinals, reducing inscription costs by over 90%. In a series of Tweets, Luminex noted, “With BRC-69, transaction fees for Ordinals collections can be reduced by over 90%. This reduction is achieved through a 4-phase process: (1) writing of features, (2) distribution of collection, (3) compilation of collection, and (4) printing of assets. The simplicity of usability offered by the BRC-69 token standard lies in the fact that Ordinals inscription owners need to write […] The post Bitcoin Ordinals Witnesses Exponential Activity Boost Following BRC-69 Standard Introduction appeared first on COINTURK NEWS.