You signed in with another tab or window. Reload to refresh your session.You signed out in another tab or window. Reload to refresh your session.You switched accounts on another tab or window. Reload to refresh your session.Dismiss alert
Now that #1201 has been merged, it would be interesting to explore how to inscribe multiple sats (collections) in the same transaction. I think it ultimately boils down to two options: either make an inscription per output or put all the inscriptions in the same output. Each has pros and cons, which I think can be summarized as follows:
1 inscription per utxo:
Pros: cleaner structure, more streamlined ordinal management and likely way easier to implement. No need to fragment a utxo when sending an inscription from a new collection.
Cons: fees for minting are proportional to the number of items in a collection; these need to be payed upfront, and collections made of thousands of items might get very expensive for creators to inscribe. Not sure if this is actually a positive feature compared to other platforms like eth (along the lines of: more expensive hence less frivolous?), but at a first glance it looks like a downside.
Multiple inscriptions per utxo:
Pros: fees for minting are independent of the size of a collection, because only one utxo is created. This means much lower upfront costs for creators, especially when it comes to large collections.
Cons: the utxo containing the whole collection will need to be fragmented whenever an item is transferred from it. Assuming 1 change utxo (with all the remaining items) for each transfer, creators costs are comparable to the 1inscription=1utxo model; they’re just spread thin over time. But one upside is that fees are lower when transferring a subset of (consecutive) items.
Not sure if there are other more efficient ways to organize inscriptions inside utxos.
The text was updated successfully, but these errors were encountered:
Now that #1201 has been merged, it would be interesting to explore how to inscribe multiple sats (collections) in the same transaction. I think it ultimately boils down to two options: either make an inscription per output or put all the inscriptions in the same output. Each has pros and cons, which I think can be summarized as follows:
1 inscription per utxo:
Pros: cleaner structure, more streamlined ordinal management and likely way easier to implement. No need to fragment a utxo when sending an inscription from a new collection.
Cons: fees for minting are proportional to the number of items in a collection; these need to be payed upfront, and collections made of thousands of items might get very expensive for creators to inscribe. Not sure if this is actually a positive feature compared to other platforms like eth (along the lines of: more expensive hence less frivolous?), but at a first glance it looks like a downside.
Multiple inscriptions per utxo:
Pros: fees for minting are independent of the size of a collection, because only one utxo is created. This means much lower upfront costs for creators, especially when it comes to large collections.
Cons: the utxo containing the whole collection will need to be fragmented whenever an item is transferred from it. Assuming 1 change utxo (with all the remaining items) for each transfer, creators costs are comparable to the 1inscription=1utxo model; they’re just spread thin over time. But one upside is that fees are lower when transferring a subset of (consecutive) items.
Not sure if there are other more efficient ways to organize inscriptions inside utxos.
The text was updated successfully, but these errors were encountered: