Over awhile
Bitcoin has evolved to supporting diverse applications beyond its inceptive purpose, including integrating supplementary data within transactions. Stamp Bitcoins protocol has allowed for data embedding, evolved from recent technologies like the Ordinals protocol.In this here article, we’re gonna explore what’s up with Bitcoin Stamps, how they do their thing, and what makes them stand out from Bitcoin Ordinals.
So, What Are Bitcoin Stamps anyway?
Bitcoin Stamps be digit art generated through Bitcoin STAMPS protocol, yo. They be representin’ a technique for integratin’ digit art within Bitcoin blockchain. Da protocol encodes data within spent transaction outputs (UTXOs), makin’ it immutable by forever includin’ it in da blockchain. It’s like immortalizin’ da art.
How Do Bitcoin Stamps Get Down?
A Bitcoin Stamp is gonna be created by turning digital art into a base64 string. The string is then tacked onto a Bitcoin transaction, all marked up with a “STAMP:” prefix. This data? It’s spread out all over the place using multi-signature transactions. This way, the digital artwork is solidified and forever locked into the Bitcoin blockchain. It’s like a tattoo on the blockchain, dig?
Every Bitcoin Stamp gets a groovy number based on when the transaction went down, making sure all stamps stay in line. To be officially recognized, a Stamp gotta meet strict guidelines, dude. Like being part of the first transaction with a solid “STAMP:base64” string.
Bitcoin STAMPS Protocol, ya dig?
There’s two main protocols chillin’ in Bitcoin STAMPS: SRC-20 and SRC-721, man.
SRC-20, okay, this token standard comes from the Counterparty vibe. It embeds data into transactions differently than Ordinals, ya know? Shoves it into spendable data instead of the witness section. Groovy, right?
SRC-721, another standard makin’ it sweet to create detailed NFTs. It uses the Bitcoin STAMPS protocol to throw pictures around in layers, saving space with stuff like color palettes per layer, ya dig? All these layers come together for one killer NFT, makin’ fine art without spending big bucks.
Bitcoin STAMPS versus Bitcoin Ordinals
Bitcoin STAMPS and Bitcoin Ordinals, both holding it down on the Bitcoin blockchain. They let users attach extra data to the network, but they’re doin’ it in different ways.
Pruning Data
Bitcoin Ordinals store info as witness data, separate from the usual transaction block. Blockchain nodes can tweak this witness data through a process called data pruning, ya know? With the Bitcoin STAMPS protocol, image data gets cozy in unspent transaction outputs (UTXOs). This keep the digital artwork forever locked in, safe from any pruning shenanigans.
Data Size and Cost
Bitcoin STAMPS protocol adapts to storing varying data sizes, so creators can rock images from 24×24 pixels and up. But big images mean big data and possibly higher transaction costs. On the flip side, Bitcoin Ordinals cap the size of embedded data to fit the Bitcoin block size. Keeps the fees stable but makes things less flexible.
Signature Style
Bitcoin Stamps are all about multi-signatures, adding extra security to the data. On the other hand, Bitcoin Ordinals vibe with single signatures, keepin’ it streamlined.
Parting Words
The Bitcoin STAMPS protocol is the hookup for immortalizing digital artwork in the Bitcoin blockchain, man. Unlike Bitcoin Ordinals, that gotta deal with limits and single signatures, Bitcoin Stamps keep it chill with flexibility, size, and security through a multi-signature groove.
