Compared with BRC721, what are the highlights of GBRC-721?

Written by: Ordinal Labs Compiled by: Deep Tide TechFlow

Recently started to see some backlash against BRC721 due to the fact that not all data is stored on the blockchain. There are a few other alternatives out there, of which GBRC721 stands out for being 100% on-chain.

A noteworthy feature of GBRC721 as an extension of the BRC721 standard is its improved block space usage efficiency. 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 GBRC721 standard also facilitates decentralization enhancements. It does not rely on external indexers and is therefore more scalable and cost-effective than its predecessor.

An innovative feature of GBRC721 is image generation verification, allowing the creator to include the SHA256 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. With GBRC721, actual images generated by mint inscriptions can be displayed, replacing text data, ultimately improving the end user experience.

Compared to the minting of BRC721, GBRC721 introduces a more streamlined process for creating and minting non-fungible collections of generated Ordinals on the Bitcoin blockchain. This could simplify the process for creators.

An important shift that GBRC721 offers is its 100% on-chain data storage capability, unlike BRC721 which relies on IPFS. This ensures overall data security and persistence on the blockchain without relying on external systems.

GBRC721 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, BRC721 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 could be negative for their future price Influence.