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Posted on Jul 04, 2023Read on Mirror.xyz

Bitcoin Ordinals Startup Platform Luminex Proposes BRC-69 Standard

Luminex, the startup platform for Bitcoin Ordinals, proposed the BRC-69 standard, which aims to simplify the creation of recursive ordinal collections, reduce the cost of Inscriptions (inscriptions) and simplify the pre-disclosure process on the chain. It is said that the standard can reduce the inscription cost by more than 90%. According to Luminex, this reduction is achieved through the 4 steps of recording features, deploying collections, compiling collections and minting assets. In addition to cost savings, Luminex claims that BRC-69 paves the way for many more enhancements.