Comment
Author: Admin | 2025-04-28
For NFTs in the crypto landscape, making them more affordable to build. Moreover, Ordinals can support image inscriptions of up to 4 MB, which is too large for STAMPS.Unfamiliar with Ordinals? Learn more.Are Bitcoin STAMPS and SRC-20 Tokens the Same?Another common question is if STAMPS are SRC-20 tokens. The short answer is no. STAMPS is a protocol on the Bitcoin blockchain that allows users to create NFTs, while SRC-20 is a fungible token standard that follows the Bitcoin STAMPS implementation. The SRC-20 protocol was created by Mike In Space in reference to the BRC-20 model during the BRC-20 ecosystem outbreak in March 2023. While STAMPS are data inscriptions on the Bitcoin blockchain that enable the creation of tokens, SRC-20 tokens run parallel with the native bitcoin on the Bitcoin network. All fees for transactions involving SRC-20 tokens are paid in bitcoin. Learn more about the SRC-20 protocol here.For more about the STAMPS protocol, check out this GitHub.How to Mint Bitcoin STAMPSSTAMP 0 was the first STAMP ever minted. Here are its metrics:Bitcoin STAMP 0:Creator: Mike In SpaceMinted: March 2023This marked the first transaction to add an authentic base64 string to the description key of a Bitcoin transaction, serving as the initial Bitcoin STAMP.To mint STAMPS, below is the step-by-step process:Token Creation:To mint a Bitcoin STAMP, a user initiates the process by creating a new transaction on the Bitcoin blockchain. This transaction includes the necessary metadata and image data encoded in base64 format, representing the unique characteristics of the NFT.Embed Metadata:The minting process involves embedding the metadata of the NFT directly into unspent transaction outputs (UTXOs) of the Bitcoin blockchain. This ensures that the data becomes an integral and immutable part of the blockchain, providing long-term permanence.Transaction Confirmation:Once the transaction is created and broadcast to the Bitcoin network, it undergoes confirmation
Add Comment