A new protocol called Ethscriptions has generated significant interest within the Ethereum community, allowing users to create and share digital objects on the Ethereum blockchain.
The Protocol Leverages Ethereum "Calldata" and is Considered Cheaper and More Decentralized Than Using Contract Storage
A new protocol called Ethscriptions has generated significant interest within the Ethereum community, allowing users to create and share digital objects on the Ethereum blockchain. Similar to the Ordinals project on the Bitcoin network, Ethscriptions enable users to inscribe non-financial data under 96 kilobytes in size, particularly images for now, directly into the Ethereum main chain. Developed by Tom Lehman, the project gained substantial traction with nearly 30,000 Ethscriptions created in less than 18 hours after its launch. The protocol leverages Ethereum "calldata" and is considered cheaper and more decentralized than using contract storage. While some argue that similar technology has existed for years, the widespread awareness and adoption of Ethscriptions mark a new trend in the Ethereum community's openness to innovation and experimentation.
The debut of Ethscriptions has drawn parallels to the Ordinals launch on Bitcoin, where NFT-style images and non-financial data were incorporated into the main chain's ledger. However, the Ethereum community has shown greater acceptance and enthusiasm for this form of experimentation. Ethscriptions experienced intermittent periods of downtime due to the overwhelming interest from users, prompting apologies from Lehman for the technical glitches. As the Ethscriptions protocol gains traction, its longevity and impact within the community will be determined by ongoing community engagement and adoption.
