Lower Transaction Fees

SRC-101, specifically designed for Name Service, eliminates unnecessary generic fields to reduce data storage requirements and incorporates transaction integration techniques to minimize fees.

SRC-101 standard allows multi operation in one transaction which could greatly reduce data storage requirements and save much miner fees. Since SRC-101 tokens are binded with owner address directly, a transaction with multi operations will not require multi UTXO input. SRC-101 is designed to occupy the smallest possible space within the UTXO set, minimizing the impact on the overall efficiency of the Bitcoin network and addressing blockchain bloat concerns. Users could mint multi Bit Name in one transaction. Currently allowed maximum number of operation can be handled in one transaction is 10.

Operation Code Compression Workflow