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OKX Drop period: April 26th-May 6th. Don’t Miss Out.
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WTF are parent-child inscriptions?
The long awaited parent-child PR has just been merged into the Ordinals Protocol.
Here is everything you need to know:
Until now the Ordinals Protocol lacked a standard for on-chain provenance. This means that we have had to rely on off-chain data and social consensus for determining things like which inscriptions belong in a collection or who the creator of an inscription was.
This all just changed with the PR (pull request) that was merged into the Ordinals Protocol's master branch an hour ago. It introducing a standard for creating parent-child relationships between inscriptions. The way it works is, if you own an inscription you have the ability to create "children" inscriptions under it, thus making it the "parent" of those inscriptions. You do this by passing the sat of the parent inscription along with the child inscription creation transaction. This establishes a trustless relationship that lives on-chain and can be viewed by anyone.
It is anticipated that parent-child relationships will primarily be used for establishing on-chain provenance for collections. Going forward collections will inscribe all of their pieces as children under a single parent inscription. Then the collection creator could burn the parent inscription (for example by sending it to Satoshi's address) which will then guarantee that no more inscriptions can ever be added to the collection.
But, let's think bigger. What if child inscriptions could themselves have more children thus creating a complex hierarchy? For example, an artist could create an inscription representing themself that could have child inscriptions representing their different collections that could then have child inscription representing the pieces in the collections. Or perhaps within a single collection you could establish different hierarchies or branches of rarity which would add a new dimension of collecting.
The opportunities to be creative with parent-child inscriptions are endless and I'm very excited to see what people create!
We will be adding support for viewing parent-child relationships between inscriptions to @ord_io very soon!
🧵(1/3)
Introducing Verifiable Credentials (VC), a significant step towards realizing KaratDAO's ultimate vision. Our aim has always been to build a trustless and shareable Identity network. By migrating user data onto the blockchain, we can now leverage cutting-edge technologies such as MPC/ZK to enhance privacy protection and data ownership. VC plays a pivotal role in facilitating this seamless transition.
Check the tutorial Doc: https://t.co/xEuuPRJb4a
🧜🏻♀️ 𝗧𝗛𝗘 𝗠𝗘𝗥𝗠𝗔𝗜𝗗𝗦 𝗘𝗩𝗘𝗡𝗧 𝗜𝗦 𝗡𝗢𝗪 𝗟𝗜𝗩𝗘 🧜🏻♀️
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OMG! You won't believe what just happened. A mermaid emerged on my sailor boat asking for my aid to find the @Tabi_NFT Trident.
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As the brc-20 infrastructure for a Layer1 future is being built out natively on bitcoin, it is great to see teams like @EmblemVault expanding the ecosystem to provide holders access to further functionality today.
For the initial launch the Emblem Vault team has given me 200 Early Access Mint Passes that will allow you to create $ordi vaults for free + gas.
Should you be interested in vaulting to Ethereum and qualifying for a free mint pass, comment your eth address below.
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I’ve just completed OP Army Weekly Challenge for @Clipper_DEX.
First $OP Release this week, gib monies 🔴
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