Bitcoin Ordinals launchpad platform Luminex has proposed a new standard to reduce costs. Luminex proposed the BRC-69 standard, which is designed to simplify the creation of Recursive Ordinals collections, reduce text costs, and streamline the on-chain pre-reveal process.

As it is known, the Ordinals potokol has attracted incredible attention since its launch in early 2023. The protocol, which enables the creation of tokens and NFTs in Bitcoin, caused great increases in transactions and fees due to intense interest.
Ordinals developers introduced recursive texts last month, allowing texts to run together, helping to overcome Bitcoin's 4MB per block size limitation that restricts the size of NFTs. Previously, Ordinals texts representing tokens and NFTs in Bitcoin were independent of each other.
Based on this, Luminex claims that the BRC-69 can reduce the cost of text by over 90 percent. Thus, as the number of texts increases, it will help to optimize the Bitcoin block space. Luminex said this savings is achieved through a 4-step process of writing properties, deploying a collection, compiling and printing assets.
Luminex wants to cut costs by 90 percent
Bitcoin Ordinals launchpad platform Luminex has proposed the BRC-69 standard to drastically reduce costs.
Luminex's recommendation essentially means that miners only need to type a single line of text, rather than a full image. This text, in turn, acts as a reference, allowing the final image to be automatically processed in the Ordinals front-ends and use only on-chain resources. According to Luminex, unlike other SVG recursive collections, these images can be dragged, dropped and saved as typical image type Ordinals.
#BountyCreator# #ContentStar# #HotTopicDiscussion#