Recursion opens up a lot of interesting new mechanics for Inscriptions, such as making Inscriptions "larger" than 4mb π
What really is "recursion" and what might it mean for the future of Inscriptions?
Simply put, recursion means that "an Inscription can request the content of other Inscriptions"
Like putting an Inscription inside another Inscription
What's an example of this? Take one of our favorite projects: @GhostsBtc:
You have the ghost base layer Inscription and you have a bunch of traits inscriptions. Instead of generating these before Inscribing, the base Inscription references other Inscriptions ON-CHAIN
You can do this with multiple Inscriptions, allowing the Inscription you're viewing to actually contain more than 4mb.
Let's break down the different types of "exotic sats" that Casey @rodarmor identified.
"Mythic"
Rarity: 1 in 2.1 Quadrillion
The first sat ever created in the "Genesis Block". It is unattainable because Satoshi made the first block unspendable.
"Legendary"
1 in 2.05 Quadrillion (in 2032*)
The first sat of each "cycle". Every 6 halvings, the halving and the difficulty adjustment coincide and we call this a "cycle". A cycle occurs roughly every 24 years. The first one should happen in 2032.
Currently 0 Legendaries exist
"Epic"
1 in 646 trillion
The first sat of each halving epoch. Every 210,000 blocks (or about every 4 years) Bitcoin has a "Halving event".
Currently only 3 epic sats exist. The next one will be mined in 2024.
With the @ordinalhub acquisition by Luxor, we've launched our official discord - the Ritz Carlton of discords to support users and project owners for knowledge share, market updates and immersive auctions. discord.gg/ordinalhub
You may notice a cleaner look to our site today. That is because the team at Luxor just re-built it over the weekend. @LuxorTechTeam has entered the chat officially and acquired @ordinalhub.
Luxor is responsible for some of the most complex bitcoin native technology including operating a SOC2 Type 2 compliant mining pool, hashrate derivatives trading, hashrate index, an ASIC brokering marketplace and more.
Luxor has also been an early leader and integral to the rapid growth of the ordinals market behind the scenes.