Bitcoin Inscriptions: Foundations and Beyond

• URL: http://arxiv.org/abs/2401.17581v1
• Date: Wed, 31 Jan 2024 03:53:35 GMT
• Title: Bitcoin Inscriptions: Foundations and Beyond
• Authors: Ningran Li, Minfeng Qi, Qin Wang, Shiping Chen,
• Abstract summary: We dive into the technological underpinnings and offer a detailed comparative analysis between Bitcoin inscriptions and NFTs on other blockchains. We explore a wide range of use cases and significant opportunities for future innovation, including inscription derivative protocols, Bitcoin Layer2 solutions, and interoperability techniques.
• Score: 2.9391093370992523
• License: http://creativecommons.org/licenses/by/4.0/
• Abstract: Bitcoin inscription marks a pivotal moment in blockchain technology. This report presents a primary exploration of Bitcoin inscriptions. We dive into the technological underpinnings and offer a detailed comparative analysis between Bitcoin inscriptions and NFTs on other blockchains. Further, we explore a wide range of use cases and significant opportunities for future innovation, including inscription derivative protocols, Bitcoin Layer2 solutions, and interoperability techniques.

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