{"id":8504,"date":"2023-06-19T09:54:12","date_gmt":"2023-06-19T09:54:12","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/06\/19\/what-are-ethscriptions-ethereums-answer-to-bitcoins-ordinal-inscriptions-takes-the-stage\/"},"modified":"2023-06-19T09:54:12","modified_gmt":"2023-06-19T09:54:12","slug":"what-are-ethscriptions-ethereums-answer-to-bitcoins-ordinal-inscriptions-takes-the-stage","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/06\/19\/what-are-ethscriptions-ethereums-answer-to-bitcoins-ordinal-inscriptions-takes-the-stage\/","title":{"rendered":"What are Ethscriptions? Ethereum&#8217;s Answer to Bitcoin&#8217;s Ordinal Inscriptions Takes the Stage"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Bitcoin Ordinal inscriptions have been the talk of the town lately. In response, Ethereum introduces its take on inscribed digital artifacts. Introducing Ethscriptions. here\u2019s everything you need to know.<\/p>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li>Ethinscriptions are Ethereum\u2019s response to Bitcoin\u2019s Ordinal Inscriptions. Tom Lehman, the co-founder of the Capsule 21 podcast and former CEO of genius.com, brings this concept to life on the Ethereum blockchain.<\/li>\n<li>Generated through unique transaction data on Ethereum, ensuring content uniqueness. The file size of Ethinscriptions is limited to 96KB.<\/li>\n<li>Users created thousands of Ethscriptions, making them available for trading on platforms like Opensea. Ethscriptions offer a fresh approach to digital artifacts, with the potential for lasting impact in the crypto community.<\/li>\n<\/ul>\n<figure id=\"attachment_71481\" aria-describedby=\"caption-attachment-71481\" class=\"wp-caption aligncenter si calignh amp-wp-3360ef3\" data-amp-original-style=\"width: 2560px\"><amp-img class=\"wp-image-71481 size-full amp-wp-enforced-sizes i-amphtml-layout-intrinsic i-amphtml-layout-size-defined\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/07\/223_rxrolwnoywlulwjyb3du-scaled.jpg\" alt=\"Still from Ethscriptions\" width=\"2560\" height=\"1704\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/07\/223_rxrolwnoywlulwjyb3du-scaled.jpg 2560w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/07\/223_rxrolwnoywlulwjyb3du-300x200.jpg.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/07\/223_rxrolwnoywlulwjyb3du-1024x682.jpg.webp 1024w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/07\/223_rxrolwnoywlulwjyb3du-768x511.jpg.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/07\/223_rxrolwnoywlulwjyb3du-1536x1023.jpg.webp 1536w,  https:\/\/nftevening.com\/wp-content\/uploads\/2022\/07\/223_rxrolwnoywlulwjyb3du-2048x1364.jpg 2048w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/07\/223_rxrolwnoywlulwjyb3du-150x100.jpg.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/07\/223_rxrolwnoywlulwjyb3du-450x300.jpg.webp 450w, https:\/\/nftevening.com\/wp-content\/uploads\/2022\/07\/223_rxrolwnoywlulwjyb3du-1200x799.jpg.webp 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" layout=\"intrinsic\" disable-inline-width=\"\" i-amphtml-layout=\"intrinsic\"><i-amphtml-sizer class=\"i-amphtml-sizer\"><\/i-amphtml-sizer><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-71481 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/07\/223_rxrolwnoywlulwjyb3du-scaled.jpg\" alt=\"Still from Ethscriptions\" width=\"2560\" height=\"1704\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/07\/223_rxrolwnoywlulwjyb3du-scaled.jpg 2560w,  https:\/\/nftevening.com\/wp-content\/uploads\/2022\/07\/223_rxrolwnoywlulwjyb3du-300x200.jpg.webp 300w,  https:\/\/nftevening.com\/wp-content\/uploads\/2022\/07\/223_rxrolwnoywlulwjyb3du-1024x682.jpg.webp 1024w,  https:\/\/nftevening.com\/wp-content\/uploads\/2022\/07\/223_rxrolwnoywlulwjyb3du-768x511.jpg.webp 768w,  https:\/\/nftevening.com\/wp-content\/uploads\/2022\/07\/223_rxrolwnoywlulwjyb3du-1536x1023.jpg.webp 1536w,   https:\/\/nftevening.com\/wp-content\/uploads\/2022\/07\/223_rxrolwnoywlulwjyb3du-2048x1364.jpg 2048w,  https:\/\/nftevening.com\/wp-content\/uploads\/2022\/07\/223_rxrolwnoywlulwjyb3du-150x100.jpg.webp 150w,  https:\/\/nftevening.com\/wp-content\/uploads\/2022\/07\/223_rxrolwnoywlulwjyb3du-450x300.jpg.webp 450w,  https:\/\/nftevening.com\/wp-content\/uploads\/2022\/07\/223_rxrolwnoywlulwjyb3du-1200x799.jpg.webp 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\"\/><\/noscript><\/amp-img><figcaption id=\"caption-attachment-71481\" class=\"wp-caption-text ss\">Will Ethscriptions be the next big thing?<\/figcaption><\/figure>\n<h2><span id=\"What_Are_Ethscriptions\">What Are Ethscriptions?<\/span><\/h2>\n<p>In the rapidly changing world of Web3, a new concept is causing a stir among enthusiasts. Introducing Ethscriptions, Ethereum\u2019s response to <a href=\"https:\/\/nftevening.com\/bitcoin-surges-to-second-place-in-nft-sales-challenging-ethereums-dominance\/\" target=\"_blank\" rel=\"noopener\">Bitcoin\u2019s Ordinal inscriptions<\/a>.\u00a0<a href=\"https:\/\/twitter.com\/dumbnamenumbers\" target=\"_blank\" rel=\"noopener\">Tom Lehman<\/a>, the co-founder of the Capsule 21 podcast and former CEO of genius.com, brought this new concept to life. Lehman leverages the power of the Ethereum blockchain to create and share digital artifacts.<\/p>\n<p>Significantly, during a <a href=\"https:\/\/twitter.com\/dumbnamenumbers\/status\/1669825191466221570?s=20\" target=\"_blank\" rel=\"noopener\">Twitter Space<\/a> on June 16th, 2023, Lehman revealed Ethereum inscriptions to the world. The idea quickly gained attention, with Middlemarch writing a thread introducing a collection called Ethereum Punks on the same day. The inscriptions are generated on the Ethereum network through successful transactions that contain unique data URIs. Notably, duplicate content is disregarded, and they support all valid mime types.<\/p>\n<p>What\u2019s more, to guarantee uniqueness, no previous Ethscription within a block or the same transaction block can have the same content. The transfer of Ethereum inscriptions occurs when the input data of a transaction is the hash of a valid Ethscription, and the sender of the transaction becomes the owner of the Ethscription. However, it\u2019s important to note that the file used for an inscription on the ETH chain must be below the 96-kilobyte threshold.<\/p>\n<figure id=\"attachment_106869\" aria-describedby=\"caption-attachment-106869\" class=\"wp-caption aligncenter si calignh amp-wp-2fb3d1a\" data-amp-original-style=\"width: 2254px\"><amp-img class=\"wp-image-106869 size-full amp-wp-enforced-sizes i-amphtml-layout-intrinsic i-amphtml-layout-size-defined\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/06\/Fy7NRj9WIAATKIg.jpg.webp\" alt=\"Still from Ethscriptions\" width=\"2254\" height=\"1356\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/06\/Fy7NRj9WIAATKIg.jpg.webp 2254w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/06\/Fy7NRj9WIAATKIg-300x180.jpg.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/06\/Fy7NRj9WIAATKIg-1024x616.jpg.webp 1024w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/06\/Fy7NRj9WIAATKIg-768x462.jpg.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/06\/Fy7NRj9WIAATKIg-93x56.jpg.webp 93w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/06\/Fy7NRj9WIAATKIg-150x90.jpg.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/06\/Fy7NRj9WIAATKIg-450x271.jpg.webp 450w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/06\/Fy7NRj9WIAATKIg-1200x722.jpg.webp 1200w\" sizes=\"(max-width: 2254px) 100vw, 2254px\" layout=\"intrinsic\" disable-inline-width=\"\" i-amphtml-layout=\"intrinsic\"><i-amphtml-sizer class=\"i-amphtml-sizer\"><img alt=\"\" aria-hidden=\"true\" class=\"i-amphtml-intrinsic-sizer\" role=\"presentation\" src=\"data:image\/svg+xml;base64,PHN2ZyBoZWlnaHQ9JzEzNTYnIHdpZHRoPScyMjU0JyB4bWxucz0naHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmcnIHZlcnNpb249JzEuMScvPg==\"\/><\/i-amphtml-sizer><noscript><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-106869 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/06\/Fy7NRj9WIAATKIg.jpg.webp\" alt=\"Still from Ethscriptions\" width=\"2254\" height=\"1356\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/06\/Fy7NRj9WIAATKIg.jpg.webp 2254w,  https:\/\/nftevening.com\/wp-content\/uploads\/2023\/06\/Fy7NRj9WIAATKIg-300x180.jpg.webp 300w,  https:\/\/nftevening.com\/wp-content\/uploads\/2023\/06\/Fy7NRj9WIAATKIg-1024x616.jpg.webp 1024w,  https:\/\/nftevening.com\/wp-content\/uploads\/2023\/06\/Fy7NRj9WIAATKIg-768x462.jpg.webp 768w,  https:\/\/nftevening.com\/wp-content\/uploads\/2023\/06\/Fy7NRj9WIAATKIg-93x56.jpg.webp 93w,  https:\/\/nftevening.com\/wp-content\/uploads\/2023\/06\/Fy7NRj9WIAATKIg-150x90.jpg.webp 150w,  https:\/\/nftevening.com\/wp-content\/uploads\/2023\/06\/Fy7NRj9WIAATKIg-450x271.jpg.webp 450w,  https:\/\/nftevening.com\/wp-content\/uploads\/2023\/06\/Fy7NRj9WIAATKIg-1200x722.jpg.webp 1200w\" sizes=\"(max-width: 2254px) 100vw, 2254px\"\/><\/noscript><\/amp-img><figcaption id=\"caption-attachment-106869\" class=\"wp-caption-text ss\">Ethscriptions on OpenSea<\/figcaption><\/figure>\n<p>Moreover, when a creation transaction takes place, the recipient becomes the initial owner of the Ethscription, while the sender assumes the role of the creator. Lehman has started ethscriptions.com, a website that allows visitors to explore and browse all the Ethereum inscriptions created thus far. It also provides the necessary tools for inscription creation on the Ethereum chain.<\/p>\n<h2><span id=\"Are_They_Gaining_Popularity\">Are They Gaining Popularity?<\/span><\/h2>\n<p>Since its launch, users have created thousands of Ethscriptions, establishing their presence on marketplaces like Opensea. Additionally, the Emblem Vault team has enabled trading for a collection of Ethscriptions on their NFT platform.<\/p>\n<p>The introduction of Ethscriptions has set the crypto community abuzz, with its unique approach to creating and sharing digital artifacts. Therefore, Ethereum\u2019s blockchain opens up a path of possibilities, bringing new life to the concept of inscribed artworks.<\/p>\n<p>As Ethscriptions start to gain attention, the future of digital artifacts and their impact on the crypto landscape seems more exciting than ever. This is a space where trends pop up and quickly fade away. Will this be one of them? Or could this potentially be here to stay?<\/p>\n<p><amp-iframe src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\" data-test-id=\"beehiiv-embed\" width=\"auto\" height=\"320\" frameborder=\"0\" scrolling=\"no\" layout=\"fixed-height\" sandbox=\"allow-downloads allow-forms allow-modals allow-orientation-lock allow-pointer-lock allow-popups allow-popups-to-escape-sandbox allow-presentation allow-same-origin allow-scripts allow-top-navigation-by-user-activation\" data-amp-original-style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\" class=\"amp-wp-2efecbc i-amphtml-layout-fixed-height i-amphtml-layout-size-defined\" style=\"height:320px;\" i-amphtml-layout=\"fixed-height\"><span placeholder=\"\" class=\"amp-wp-iframe-placeholder\"\/><noscript><iframe loading=\"lazy\" src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" data-amp-original-style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\" class=\"amp-wp-2efecbc\"><\/iframe><\/noscript><\/amp-iframe><\/p>\n<div class=\"bottom-text__wrapper post-content ti\">\n<p>\u00a0<\/p>\n<hr\/>\n<p><em>All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n<p><em>This article is educational material.<\/em><\/p>\n<p><em>As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/nftevening.com\/what-are-ethscriptions-ethereums-answer-to-bitcoins-ordinal-inscriptions-takes-the-stage\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Ordinal inscriptions have been the talk of the town lately. In response, Ethereum introduces its take on inscribed digital artifacts. Introducing Ethscriptions. here\u2019s everything you need to know. TL;DR Ethinscriptions are Ethereum\u2019s response to Bitcoin\u2019s Ordinal Inscriptions. Tom Lehman, the co-founder of the Capsule 21 podcast and former CEO of genius.com, brings this concept [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/07\/223_rxrolwnoywlulwjyb3du-scaled.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/8504"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=8504"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/8504\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/8505"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=8504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=8504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=8504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}