This report delves into the concept of Bitcoin inscriptions and their technological foundations. It provides a detailed comparison between Bitcoin inscriptions and NFTs on other blockchains. The study also explores various use cases and potential opportunities for future innovation, including inscription derivative protocols, Bitcoin Layer2 solutions, and interoperability techniques. The research offers a comprehensive understanding of the fundamental aspects of inscriptions, going beyond surface-level usage.
Publication date: 31 Jan 2024
Project Page: https://arxiv.org/abs/2401.17581
Paper: https://arxiv.org/pdf/2401.17581
