In-Depth Guide to Crypto Inscriptions on Bitcoin

To set the stage, what exactly are these “inscriptions” and how do they work? Well, in simple terms, an inscription is just some data that gets added onto the Bitcoin blockchain along with a regular ol’ transaction. This data can be anything from text to images or even more complex stuff like smart contracts (but we won’t get into those for now).

So how do you add an inscription? Well, it’s actually pretty simple! All you need is some Bitcoin and a wallet that supports inscriptions (which most modern wallets do these days). Then all you have to do is create your transaction as usual, but instead of just sending the coins to someone else, you can also include an “output script” that specifies what kind of data should be added onto the blockchain.

For example, let’s say you want to add a message to the blockchain saying “I love Bitcoin!” Here’s how it would look in code:

// This code script allows for the inclusion of an "output script" in a Bitcoin transaction, which specifies what kind of data should be added onto the blockchain.

// The "OP_RETURN" opcode is used to mark the beginning of the output script.

// The "<message>" placeholder should be replaced with the actual message that the user wants to add to the blockchain.

// For example, if the user wants to add the message "I love Bitcoin!" to the blockchain, the code would look like this:

OP_RETURN "I love Bitcoin!"

In this case, `` is just the text we want to add. So if we wanted to say “I love Bitcoin!”, our output script would look like this:

// This script is used to add a message to a transaction using the OP_RETURN opcode.
// The message is added as a series of ASCII characters, each represented by its corresponding decimal value.

OP_RETURN // This opcode marks the beginning of the script and indicates that the following data will be added to the transaction output.
0x45 // This is the decimal value for the letter "E" in ASCII, which is the first letter of the message "Eligible!".
0x6C // This is the decimal value for the letter "l" in ASCII, which is the second letter of the message.
0x69 // This is the decimal value for the letter "i" in ASCII, which is the third letter of the message.
0x67 // This is the decimal value for the letter "g" in ASCII, which is the fourth letter of the message.
0x69 // This is the decimal value for the letter "i" in ASCII, which is the fifth letter of the message.
0x62 // This is the decimal value for the letter "b" in ASCII, which is the sixth letter of the message.
0x6C // This is the decimal value for the letter "l" in ASCII, which is the seventh letter of the message.
0x65 // This is the decimal value for the letter "e" in ASCII, which is the eighth letter of the message.
0x21 // This is the decimal value for the exclamation mark in ASCII, which is the last character of the message.

This might look a bit confusing at first, but it’s actually pretty simple once you break it down. Each character in the message is represented by its ASCII code (which is just a fancy way of saying “the number that corresponds to each letter or symbol”). So for example, the letter ‘I’ has an ASCII code of 73, and the space bar has an ASCII code of 32. By putting all these codes together in the right order, we can create a message on the blockchain!

Of course, you don’t have to use plain text for your inscriptions either. You could also add images or other more complex data using something called “OP_RETURN Data” (which is just a fancy way of saying “data that gets added onto the blockchain”). This can be really useful if you want to create some kind of interactive experience on the blockchain, like a game or a puzzle.

That’s how crypto inscriptions work on Bitcoin. It might seem a bit complicated at first, but once you get the hang of it, it can be really fun and creative. Plus, who doesn’t love adding their own personal touch to their transactions?

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