Inscription 2.0 Era: Recursive Inscription Makes Smart Contracts on Bitcoin Chain Possible?

Original Author: Wu Hai, PANews

Since the "Ordinals" protocol on the Bitcoin chain was launched, and then the "brc;20" concept was detonated by the developer "domo", micro-innovations based on the "Ordinals" protocol have emerged in an endless stream, as intended to make;brc;20; The more flexible;orc;20;, and the optimized block space;GBRC;721;. However, regardless of whether these agreements are false demands and the heat of attention or hype, they are all optimizing the existing agreements in themselves, that is to say, they have been discussing how to make a horse-drawn carriage run faster. Not trying to invent the car.

However, the recent "recursive inscription" proposed by the creator of the Bitcoin protocol;Ordinals;;Casey Rodarmor; surprised the community and made the community more imaginative. 6;June;12;Bitcoin Protocol;Ordinals;new lead maintainer;Raph;on;Github;merges "Recursive Inscription";No. 2167;update into;Ordinals; "/-/content/:inion_id" syntax to request the content of other inscriptions. This simple change unlocks many powerful use cases.

Inscription; 2.0; era may have arrived

According to the developer;Leonidas.og;interpretation, alone for one;PFP;collection inscription;10000;pcs;JPEG;file is very expensive, but inscribed;200;features from the collection, then make;10000;pcs inscription, Each inscription uses a small amount of code to request features and programmatically render images. Make artwork stored on the chain in a more efficient way.

In addition, in the previous inscription method, each inscription is independent, and there is no connection between the inscriptions. But this is about to change with the introduction of recursive glyphs. It is possible to completely burn many code packages on the Bitcoin chain, because the code (text form) is called, so the volume is very small, which allows the size of the inscription to break through the Bitcoin block size; 4; MB; limit, Complex 3D video games can be fully on-chained to Bitcoin.

This also makes the community think that smart contracts similar to "ERC;20" may be able to run on the Bitcoin chain, making scalability and interoperability on the Bitcoin chain possible.

Moreover, the "NFT" on the Bitcoin chain makes many people willing to pay for it. In addition to hype, there are also stories that are permanently stored on the chain. Therefore, if the recursive inscription makes it possible for the Metaverse, which includes games, DeFi; and other subdivisions, to operate on the Bitcoin chain, its stories will be sexier than those on other chains.

Perhaps, recursive inscriptions will lead the revolution of inscriptions on the Bitcoin chain, allowing Bitcoin inscriptions to come from the previous "1.0" to the "2.0" era of inscriptions.

After the birth of recursive inscriptions, the community or individuals have built multiple projects based on its grammar, and currently on the trading platform; MagicEden; there are already online collections and indexes; 6; models. Next, "PANews" will take the "Recursive Punks" series, which ranks in the forefront of intraday trading volume and is very storytelling and dramatic, as an example.

Recursive Punks; Dramatic Opening

On June 13th, Recursive Punks; officially launched the free casting; 10;k Recursive ordinals; series, and then the community spread them one after another. Because of the "fomo" brought about by the service increase of the first project on the new agreement, it is still driven by wanting to try early adopters and innovate. After being discovered by the Chinese community, the number of "10; K;" was quickly burned. When the Twitter "KOL" was forwarded one after another, it even made its official website unable to open.

However, after the community finished burning, users continued to find out that the official developer of "Recursive Punks" used the old text, that is to say, the syntax of the recursive inscription text should be "/content/", but the official "/-/ content/:". As a result, users who used the official;SVG; file to burn the inscription earlier had a non-picture version, and then the community began to spread the correct correction method, which is to replace "/-/content/:" in the original;SVG; file with" /content/".

Compared with "Recursive Punks", the official version without pictures, the revised version with pictures is relatively slow to burn, because the community can't confirm which version will become a series with stronger consensus. After ;24; hours, Recursive Punks; the corrected version with pictures was burnt. Among them, Recursive Punks; the official also found its grammatical error, and tweeted that he hoped that the protocol developers and the community could recognize both the version without pictures and the version with pictures, but then deleted and changed the tweet, and launched a collection of version without pictures on "MagicEden" .

What surprised the community is that it should be a series without pictures, but it shows a clear big picture on "MagicEden". After analysis by technicians, it turned out that "Recursive Punks" officially submitted the collection to "MagicEden", and used front-end rendering to display pictures on the "MagicEden" platform. In other words, it does not use the implementation of recursive inscriptions to display, which is somewhat inconsistent with the community's expectations.

According to the "MagicEden" data, the "Recursive Punks" series recorded using the old grammar has a total transaction volume of 8.15 bitcoins within a day, making it the series with the largest transaction volume on the platform. Its highest price rose to; 0.002; Bitcoin, and the relative burning cost increased by up to; 30; times. In addition, several "punk" with rare attributes were sold at the price of "0.05" bitcoin. Its number of holders also grew overnight; over 2,000;

And the community-burned version with pictures after amended grammar is on the new; NFT; platform; ordyssey, which is displayed as a blurred image in the way of recursive inscriptions. Then it was put on the "MagicEden" platform, because the platform does not yet support the display of the "SVG" format, and the image can only be displayed after further support. The version with pictures recorded using the revised grammar; Recursive Punks; the number of current holding addresses is constantly increasing, and the current total transaction volume is; 1.3; Bitcoin, which ranks third in intraday transaction volume.

It is reported that the community is continuing to follow up, so that the correct version burned with the corrected syntax can be further developed. As for whether the version with pictures or the official version without pictures that the community supports and occupies the righteous side of the agreement, which one can have a stronger and broader community consensus, it remains to be further observed.

Summarize

The emergence of recursive inscriptions has opened up the previous shackles of non-interoperability, non-programmability, and poor expansion, allowing more possibilities and imaginations on the Bitcoin chain. For example, "NFT" can be combined with each other, making small games on the chain possible; or dismantling inscriptions, similar to fragmentation, resulting in more calls. There are also community members who think of websites that may achieve decentralization.

From the perspective of the agreement, the future prospects are boundless, and there are sufficiently grand narratives waiting for developers and users to build and use. But at present, the front end is still in a highly controlled situation, because whether an inscription or an "NFT" series can be collected and indexed on the platform determines the speed of its development and the consensus of being preached. As mentioned above; Recursive Punks; because the index makes it impossible for new users to identify for a while.

But these problems will be gradually solved with the development of the ecology, and we cannot stand still or watch the fire from the shore because of some detailed problems or difficulties that arise. The era of Bitcoin inscription "2.0" may be led by the recursive inscription, and there are many opportunities and risks in it. Participate in this experiment with the lower body, explore, discover, and research, and continue to participate while controlling risks.