- It targets the concept of recursive labels
- It provides for the issuance of new tokens by borrowing fragments of existing ones.
- BRC69 actually forms a “shell” for it, simple and convenient
- You can test the innovation on the Luminex platform
Yesterday, July 3, the launchpad for issuing tokens based on Bitcoin Luminex introduced the new BRC69 standard. It targets the so-called recursive labels.
Recall that this concept was presented in mid-June. For example, a little help from “Leonidas”, founding father of the Ordinals. If even shorter, then it allows you to bypass the limit on the maximum size of tokens of 4 MB.
This is achieved through an interconnected network infrastructure. Recursive labels use elements of existing tokens to create new ones.
BRC69, in turn, reduces the cost of issuing inscriptions by 90%. This is achieved through a complex process from adding certain features to compilation and release.
Also, the standard has a pleasant and convenient UX. To issue a token, it is enough to enter a line of text instead of searching for an image. The whole process takes place inside the Bitcoin chain, and the result is a high-quality image.
What’s more, with BRC69, you can launch collections through pre-expansion right on the web. Luminex said they are already preparing several projects that will build on this concept. You can view the source code at GitHub. Note that Ordinals are in great demand. At the end of May, the total number of inscriptions exceeded 10 million. This creates a high load on the network, which causes dissatisfaction among some users.