Understanding GBRC721 in one article: Compared with BRC721, what are the innovations?

特邀专栏作者

2023-06-09 19:30 (UTC+8)

This article is about 654 words, reading the full article takes about 1 minutes

The higher efficiency of GBRC721 means potential cost reduction for creators and more efficient use of the resources of the Bitcoin network, in line with the core principles of the blockchain.

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The higher efficiency of GBRC721 means potential cost reduction for creators and more efficient use of the resources of the Bitcoin network, in line with the core principles of the blockchain.

Compilation of the original text: Deep Tide TechFlow

Recently started to see some backlash against BRC 721 due to the fact that not all data is stored on the blockchain. There are a few other alternatives out there, of which GBRC 721 stands out for being 100% on-chain.

A noteworthy feature of GBRC 721, an extension of the BRC 721 standard, is its increased efficiency in block space usage. The unique "deploy" operation stores aggregated features on-chain only once, and subsequent "mint" operations refer to those features.

This greater efficiency means a potential reduction in costs for creators and a more efficient use of the resources of the Bitcoin network, in line with the core principles of the blockchain. The GBRC 721 standard also promotes decentralization enhancements. It does not rely on external indexers and is therefore more scalable and cost-effective than its predecessor.

An innovative feature of GBRC 721 is image generation verification, allowing the creator to include the SHA 256 output of the generated image on-chain. This adds an extra layer of credibility, as anyone can recreate and verify the image using only on-chain data.

The standard also significantly improves user interaction. Using GBRC 721, it is possible to display actual images generated by mint inscriptions, replacing text data, ultimately improving the end-user experience.

GBRC 721 introduces a more streamlined process for creating and minting non-fungible collections of generated Ordinals on the Bitcoin blockchain relative to BRC 721's minting. This could simplify the process for creators.

An important shift that GBRC 721 offers is its 100% on-chain data storage capability, unlike BRC 721 which relies on IPFS. This ensures overall data security and persistence on the blockchain without relying on external systems.

GBRC 721 introduces an interesting evolution of the NFT standard on the Bitcoin network. Provides creators with enhanced scalability, efficiency, and potentially more cost-effective methods, while providing users with greater credibility.

All in all, BRC 721 is currently the leader in collection protocols, IPFS goes against the spirit of Ordinals, as one of its main benefits and challenges is that data is 100% stored on-chain, if this is not the case, it may have implications for their future prices Negative impact.