{"id":2931,"date":"2023-08-09T10:30:51","date_gmt":"2023-08-09T10:30:51","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=2931"},"modified":"2023-08-09T10:07:42","modified_gmt":"2023-08-09T10:07:42","slug":"what-are-ethscriptions","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-are-ethscriptions\/","title":{"rendered":"What are Ethscriptions ?"},"content":{"rendered":"<p>Ethscriptions are a light version of Ethereum NFTs. Over the years, the crypto space has developed the habit of inventing and reinventing itself through bull and bear markets. This cycle has been no different. Despite the challenges of 2022 and the <strong>billions<\/strong> of dollars in liquidity exiting the space, builders have continued to innovate.<\/p>\n<p>The <strong>Ethereum<\/strong> community\u2019s innovation was a defining feature of the previous crypto cycle.<strong>\u00a0<a href=\"https:\/\/coinengineer.net\/blog\/what-are-the-benefits-of-defi\/\">Decentralized finance<\/a><\/strong> (DeFi),\u00a0<a href=\"https:\/\/coinengineer.net\/blog\/how-to-create-an-nft\/\"><strong>nonfungible tokens<\/strong><\/a> (NFTs)\u00a0and the\u00a0<a href=\"https:\/\/coinengineer.net\/blog\/what-is-ethereum-name-service-ens\/\"><strong>Ethereum Name Service<\/strong><\/a> (ENS)\u00a0created significant hype and a flow of liquidity into the Ethereum blockchain.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-are-ethscriptions\/#What_is_an_Ethscription\" title=\"What is an Ethscription?\">What is an Ethscription?<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-are-ethscriptions\/#How_to_Create_an_Ethscription\" title=\"How to Create an Ethscription?\">How to Create an Ethscription?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/what-are-ethscriptions\/#How_to_Transfer_Ethscriptions\" title=\"How to Transfer Ethscriptions?\u00a0\">How to Transfer Ethscriptions?\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/what-are-ethscriptions\/#The_Path_Ahead_for_an_Ethscription\" title=\"The Path Ahead for an Ethscription\">The Path Ahead for an Ethscription<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"What_is_an_Ethscription\"><\/span><strong>What is an Ethscription?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p style=\"color: #252525;\">An Ethscription stands as an innovation designed to facilitate the creation of on-chain digital artifacts. It employs a distinctive reference identifier to encode data within an Ethereum transaction. Unlike NFTs that rely on <strong>ERC-721<\/strong>, Ethscriptions are uniquely stored at the transaction level. In the realm of Ethscriptions, digital artifacts come into existence within the<strong> calldata<\/strong> of a transaction.<\/p>\n<p style=\"color: #252525;\">Calldata functions as a container for data that travels alongside an Ethereum transaction. Embedding a uniform resource identifier (URI) within transactional data is not a novel concept, though. Going back to 2016, there was an experiment involving the inclusion of a URI within Ethereum calldata. However, the spotlight has shifted to Ethscriptions due to their emergence, which gained more significant attention after Bitcoin Ordinals exceeded <strong>13 million<\/strong> inscriptions.<\/p>\n<p style=\"color: #252525;\">Ethscriptions made their debut concurrently with Ethereum Punks&#8217; introduction, illustrating the secure storage of digital collectibles on the Ethereum network. Just four days after the launch, the count of Ethscriptions soared to over <strong>140,000.<\/strong><\/p>\n<blockquote><p>You might like: <a href=\"https:\/\/coinengineer.net\/blog\/what-is-the-bitget-exchange-how-to-use-it\/\"><strong>What is the Bitget Exchange? How to Use It?<\/strong><\/a><\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Create_an_Ethscription\"><\/span><strong>How to Create an Ethscription?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Ethscriptions.com<\/strong> is the online platform offering users the necessary resources to craft their very own Ethscriptions.<\/p>\n<p>Choosing the &#8220;<strong>Create<\/strong>&#8221; option on the homepage guides users to a specialized page that simplifies the process of uploading an image for a captivating transformation into an &#8220;<strong>Ethscribed<\/strong>&#8221; artifact.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-2935 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/08\/ethscriptions-300x67.png\" alt=\"\" width=\"833\" height=\"186\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/08\/ethscriptions-300x67.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/08\/ethscriptions-1024x228.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/08\/ethscriptions-768x171.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/08\/ethscriptions-1536x342.png 1536w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/08\/ethscriptions.png 1920w\" sizes=\"auto, (max-width: 833px) 100vw, 833px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_to_Transfer_Ethscriptions\"><\/span><strong>How to Transfer Ethscriptions?\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Transferring an Ethscription to another wallet involves a manual procedure outlined explicitly on the Ethscriptions.com website.<\/p>\n<ul>\n<li>Find the ID of the Ethscription you want to transfer. An Ethscription&#8217;s ID is the transaction hash of the transaction that created the Ethscription. It looks like this: <strong>Oxcdb372580242c1c1bbcd2914ddbdb609b33d2e2e163c6595e164cb4dc6665153.<\/strong><br \/>\nYou can get this from Etherscan or from this site.<\/li>\n<li>Send a <strong>0 ETH<\/strong> transaction to the new proposed owner, including the Ethscription ID in the &#8220;Hex data&#8221; field.<\/li>\n<li>After a few moments the Ethscription&#8217;s owner should update on this site, provided you were the owner of the Ethscription when you sent the transfer transaction. Unauthorized transfers are ignored.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"The_Path_Ahead_for_an_Ethscription\"><\/span><strong>The Path Ahead for an Ethscription<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"color: #252525;\">The realm of Ethscriptions holds various potential avenues. As an Ethereum innovation inspired by Ordinals, this technology has garnered initial interest among cryptocurrency enthusiasts. Nevertheless, its appeal might be a short-lived phenomenon, particularly during periods of low liquidity in the NFT and digital collectibles markets.<\/p>\n<p style=\"color: #252525;\">Furthermore, the durability of this model could face risks influenced by the Ethereum Purge release proposal. Yet, the history of crypto innovation has often rewarded early adopters. Only time will reveal whether Ethscriptions will be subject to speculative fluctuations or if the Ethereum community can craft a compelling and enduring narrative, challenging the status quo set by <strong>Bitcoin<\/strong> Ordinals.<\/p>\n<hr \/>\n<p>You can share your opinions in the comment section, and don\u2019t forget to follow us on\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"noopener\"><strong>Twitter<\/strong><\/a>,\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noopener\"><strong>Telegram<\/strong><\/a>, and\u00a0<a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noopener\"><strong>YouTube<\/strong><\/a> for more updates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethscriptions are a light version of Ethereum NFTs. Over the years, the crypto space has developed the habit of inventing and reinventing itself through bull and bear markets. This cycle has been no different. Despite the challenges of 2022 and the billions of dollars in liquidity exiting the space, builders have continued to innovate. The<\/p>\n","protected":false},"author":2,"featured_media":2934,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,5],"tags":[878,874,881,876,880,875,879,877],"class_list":["post-2931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nft-projects","category-project-review","tag-ethereum-punks-ethscriptions","tag-ethscriptions","tag-ethscriptions-market","tag-ethscriptions-marketplace","tag-ethscriptions-nft","tag-ethscriptions-opensea","tag-ethscriptions-punks","tag-what-are-ethscriptions"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What are Ethscriptions ? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Ethscriptions are a new way of creating and sharing digital artifacts on Ethereum using transaction calldata.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/what-are-ethscriptions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What are Ethscriptions ? 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