After the Ordinal inscription process gained significant traction on the Bitcoin blockchain with more than 800,000 inscriptions to date, a new trend of non-fungible token (NFT) technology has emerged called Bitcoin Stamps. The image-storing technique is a new way of storing images on Bitcoin, and so far, more than 8,000 stamps have been minted.

From Ordinals to Stamps: A New Way to Store Images on Bitcoin Materializes

Bitcoin enthusiasts have been introduced to a new method of storing images on the Bitcoin network that’s different from the Ordinal inscription process that has become a popular trend in recent months.

The new Bitcoin Stamp scheme was created by the Twitter user Mike in Space, and a summary of the project is hosted on Github. Basically, the technology provides a way to split an image into numerous unspent transaction outputs (UTXOs) by encoding it in Base64 text and leveraging the Counterparty protocol to broadcast it to Bitcoin.

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Author: Jamie Redman

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