๐ธGBRC-721
Generative BRC-721: a solution to optimize block space usage in the Bitcoin ordinals ecosystem, accommodating more creators and fostering innovation.
Github Explanation: https://github.com/jerryfane/generative-brc-721
Link tree to tooling: https://www.gbrc721.xyz/#
Twitter Thread: https://twitter.com/OrdinalLabs/status/1665005598318948352 Comparison Tweet Thread: https://twitter.com/OrdinalLabs/status/1666866635691393040
Generative BRC-721 Standard for Bitcoin Ordinals Ecosystem
This document outlines the Generative BRC-721 standard, an innovative protocol aimed at optimizing block space usage on the Bitcoin network. This standard will streamline the creation and minting of Non-Fungible Ordinals (NFOs), ultimately reducing block space usage between 50% and 90%.
Overview
The Generative BRC-721 standard employs a two-step process:
Deploy Operation: Create a Generative BRC-721 collection with unique traits stored on-chain.
Mint Operation: Generate a Non-Fungible Ordinal (NFO) which references the traits from the deploy operation.
A case study involving a Generative BRC-721 collection called "OrdiBots" has demonstrated a block space reduction of 55%.
Deploy Operation
The deploy operation creates a Generative BRC-721 collection. It uses a JSON/Text inscription to store the general information of the collection and the base64 encoded data of the traits composing the collection on-chain.
Here is a JSON example of a deploy operation inscription for the "OrdiBots" collection:
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