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The <a href="https://en.coin-turk.com/bitcoin-recovery-trend-continues-analysts-share-expectations/" data-wpel-link="internal">Bitcoin</a> 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.&nbsp; 
<h2 style="text-align: justify;" id="luminex-announces-brc-69-for-bitcoin-ordinals">Luminex Announces BRC-69 for Bitcoin Ordinals</h2> 
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 <a href="https://en.coin-turk.com/reddits-nft-collections-shattering-records-amid-the-crypto-market-downturn/" data-wpel-link="internal">NFT</a>s. 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.&nbsp; 
<img decoding="async" class="aligncenter wp-image-88099 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/07/nft-2.png" alt="" width="1378" height="586" srcset="https://en.coin-turk.com/wp-content/uploads/2023/07/nft-2.png 1378w, https://en.coin-turk.com/wp-content/uploads/2023/07/nft-2-300x128.png 300w, https://en.coin-turk.com/wp-content/uploads/2023/07/nft-2-768x327.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/07/nft-2-1200x510.png 1200w" sizes="(max-width: 1378px) 100vw, 1378px"> 
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, and minting assets.&nbsp; 
Luminex’s proposal implies that miners only need to write a single line of text instead of a full image. This line of text serves as a reference, allowing for the final image to be automatically generated on Ordinals front ends, using only on-chain resources, resulting in a seamlessly processed image. Contrary to other SVG recursive NFT collections, these images can be dragged, dropped, and saved as typical image-type Ordinals.&nbsp; 
<h2 style="text-align: justify;" id="opening-the-way-for-more-features">Opening the Way for More Features</h2> 
In addition to lowering costs, Luminex notes that BRC-69 opens the door for more developments and features. For example, the launching of collections with a full on-chain pre-launch process, which means the unveiling of an NFT collection, including the final image and related features, is conducted directly on the Bitcoin <a href="https://en.coin-turk.com/investing-in-cryptocurrencies-pioneering-blockchain-solutions-with-swift-and-chainlink/" data-wpel-link="internal">Blockchain</a>, without needing off-chain resources.&nbsp; 
The Bitcoin Ordinals protocol, which was launched earlier this year, paved the way for the creation of tokens and NFTs on the Bitcoin Blockchain. This development led to a significant increase in the number of transactions and fees on the Bitcoin network.&nbsp; 
The post <a rel="nofollow" href="https://en.coin-turk.com/luminex-announces-brc-69-a-new-standard-set-to-decrease-ordinals-costs-by-over-90/" data-wpel-link="internal">Luminex Announces BRC-69: A New Standard Set to Decrease Ordinals Costs by Over 90%&nbsp;</a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

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

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