Bitcoin Inscriptions: Foundations and Beyond

Ningran Li, Minfeng Qi, Qin Wang, Shiping Chen

Abstract: This paper presents a primary exploration of Bitcoin inscriptions. We dive into the technological underpinnings and offer a detailed comparative analysis between Bitcoin inscriptions and NFTs on other blockchains. Further, we explore a wide range of use cases and significant opportunities for future innovation, including inscription derivative protocols, Bitcoin Layer2 solutions, and interoperability techniques.