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Author: Admin | 2025-04-28
The Bitcoin STAMPS protocol is an innovative method that allows for the embedding of image data onto the Bitcoin blockchain. Here’s how it works.Key Takeaways:Bitcoin STAMPS utilise base64-formatted image data to embed images directly onto the Bitcoin blockchain, ensuring permanence and immutability of digital assets.The protocol aims to provide a secure means of storing unique digital assets with a focus on permanence and security.Bitcoin STAMPS distinguish themselves from other methods like Ordinals by storing metadata within multi-signature UTXO, ensuring greater permanence.Minting a Bitcoin STAMP involves creating a transaction on the Bitcoin blockchain with embedded metadata and image data, followed by confirmation through mining.The technology behind Bitcoin STAMPS offers intriguing possibilities for expanding the use cases of Bitcoin and facilitating the creation and trading of Bitcoin-native NFTs.Platforms like Rare Stamp, OpenStamp, Stampscan, and StampedNinja offer Bitcoin STAMPS and SRC-20 tokens, catering to the growing interest in Bitcoin-based digital assets.Check out Crypto.com’s new BTC to USD Converter.What Are Bitcoin STAMPS? A Unique Protocol for Storing Assets on the Bitcoin BlockchainBitcoin STAMPS, also referred to as ‘Stamps’, represent an innovative and compelling addition to the world of non-fungible tokens (NFTs) and tokenisation on the Bitcoin blockchain, offering collectors and creators a secure and reliable means of storing unique digital assets with a focus on permanence and security.Developed by Mike In Space, they aim at permanence and immutability by storing data directly on the Bitcoin blockchain, making it impossible to prune from a full node.Since their launch, Bitcoin STAMPS have seen rapid adoption and interest, with over 16,500 STAMPS created in just 32 days, outpacing the daily growth of assets compared to Ordinals.How Do Bitcoin STAMPS Work?Bitcoin STAMPS embed image data directly onto the Bitcoin blockchain by utilising base64-formatted image data, allowing for the representation of images in a text format that can be
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