Compared to BRC721, what are the highlights of GBRC721?
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Compared to BRC721, what are the highlights of GBRC721?
Higher efficiency of GBRC721 means reduced potential costs for creators and more effective utilization of Bitcoin network resources, aligning with the core principles of blockchain.
Navigating Web3 tides with focused insightsAuthor: Ordinal Labs
Translation: TechFlow
Recently, there's been growing criticism of BRC721 due to not all data being stored on-chain. Currently, several alternative solutions have emerged, among which GBRC721 stands out for its 100% on-chain storage.
As an extension of the BRC721 standard, GBRC721 notably improves block space efficiency. Its unique "deploy" operation stores collection traits on-chain only once, with subsequent "mint" operations referencing these traits.
This increased efficiency translates into lower potential costs for creators and more effective use of Bitcoin network resources, aligning with core blockchain principles. The GBRC721 standard also enhances decentralization. By not relying on external indexers, it achieves higher scalability and cost-effectiveness compared to its predecessor.
An innovative feature of GBRC721 is image generation verification, allowing creators to include the SHA256 hash of generated images directly on-chain. This adds an extra layer of trustworthiness, as anyone can recreate and verify the images using only on-chain data.
The standard also significantly improves user interaction. With GBRC721, actual images from mint inscriptions can be displayed instead of raw text data, ultimately enhancing the end-user experience.
Compared to BRC721 minting, GBRC721 introduces a more streamlined process for creating and minting generative NFT collections on the Bitcoin blockchain, potentially simplifying workflows for creators.
A key advancement offered by GBRC721 is its ability to store 100% of data on-chain, differing from BRC721 which relies on IPFS. This ensures overall data security and permanence on the blockchain without dependence on external systems.
GBRC721 represents an intriguing evolution of the NFT standard on the Bitcoin network, offering creators enhanced scalability, efficiency, and potentially more cost-effective methods, while providing users with greater trust and reliability.
In summary, while BRC721 currently leads in collection protocols, its reliance on IPFS contradicts the spirit of Ordinals—whose core value proposition includes 100% on-chain data storage. Deviating from this principle may negatively impact their future value.
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