While the ordinals ecosystem was quiet, Ethscriptions, which imitated the BRC-20 Token, suddenly exploded. After staying between 270-300 for 3-4 months, it nearly doubled to 800 U last night.

This surprised many people. After all, when Ethscription was first released, there was no index, no trading market, and it didn’t even have the technical documentation prepared by domo like BRC-20.

Promoters are optimistic about ETHS and enter the market in large numbers

Ethscriptions enables non-financial and arbitrary data to be written to the Ethereum blockchain, and users can burn any type of file as long as the file size does not exceed 96 kilobytes. Although it currently only allows pictures - according to its creators - this will change in the future.

These burns make use of what’s known as Ethereum “calldata,” which refers to the data provided in a call to a smart contract. Lehman said this is cheaper and more decentralized than using contract storage. The protocol “guarantees uniqueness of the contents of all valid Ethscriptions,” the creator wrote on Twitter.

BlockBeats wrote about this when ETHscriptions was launched. For related reading, please read: "The "NFT Atavism" caused by Ordinals is not a return to idealism."

In a tweet published two years ago, @dhof graded ETH's "full-chain NFT" according to different "full-chain NFT" implementation methods. One star is to store data in the data storage field calldata of ETH transactions, two stars are to store data through the EVM opcode sstore and render data through external scripts, and the highest three stars are to store data through the EVM opcode sstore and complete the rendering through the built-in renderer of the smart contract to output svg images or other similar data URIs.

If we rate Ethscription according to this standard, Ethscription can only get a one-star rating. As mentioned at the beginning of its official website, Ethscription is implemented by storing data in the data storage field calldata of ETH transactions. The rendering of images is done through off-chain indexes. By open-sourcing the indexes, off-chain operations are also decentralized.

What is the reason for the spring of Ethscription? What are the driving forces behind it? What are the superb operating methods?

Buddy, you know the traffic password

During the rise of Ethscription, KOLs also found a lot of traffic codes, which played a role in fueling the trend. If they included "#ETHS" in their posts, they only needed some time to "silently bloom" and wait for the ETHS army to arrive, and they could get a lot of one-click triples.

In Ethscription's Telegram, community members are also on standby at all times, charging forward as a whole to increase traffic for related tweets. The higher the traffic, the more KOLs talk about it, and the higher the price. Under their leadership, many small fish and shrimps also followed suit, swiping the screen for related content, forming a powerful traffic code.

We focus on a new L2 narrative

In addition, another operational means of the Ethscription army is to compare ETHS with L2. This new narrative has been strongly spread within the community.

"Eths is another idea for Ethereum's second layer. The second layer is a separate chain and can close backdoors. Eths is traded on the Ethereum mainnet, and the gas fee is as cheap as the second layer. The swap, defi, and gamefi on the mainnet can all be implemented on eths. The most important thing is that it runs on the mainnet and cannot close backdoors. It is safer and more decentralized than the second layer. The market value of various second layers is now in the billions, while eths is only in the millions." This sentence has become a copy-and-paste set of rhetoric.

The source of this new L2 narrative seems to be Ethscription’s upcoming ESIP-5 and ESIP-6 development proposals.

The ESIP-5 proposal refers to Bulk Ethscription Transfers from EOAs. Currently, only a single inscription can be transferred in a transaction for a non-contract address. After ESIP-5 goes online, it will support the transfer of inscriptions in batches in a transaction. According to @0x Hirsch's tweet, up to 4,000 inscriptions can be transferred per transaction, which only costs 0.11 eth at the current gas fee. The ESIP-6 proposal refers to Opt-in Ethscription Non-uniqueness. Currently, only the first inscription with the same content (characters) is considered valid. Such indexing rules can ensure the uniqueness and uniqueness of inscriptions, but there are limitations and problems for use scenarios such as smart contracts that need to transmit duplicate information. For example, the operation of the Ethscriptions virtual machine requires the exchange and verification of information between smart contracts and dumb contracts.

Therefore, as the ESIP-5 and ESIP-6 development proposals are about to be implemented, Ethscription community members believe that: "Compared with other L2 solutions (such as ZK, ARB), ETHS can achieve cheaper gas than L2 without network switching. After upgrading ESIP-5 today, the gas for each transfer has dropped to around 0.05 u, and gas interactions are cheaper than many L2s."

In the current crypto environment, the project's narrative, rhetoric and operational methods have to become more and more fancy. With the help of clever community operations, Ethscription has gained a lot of traffic and attention. Regardless of the development of the project itself, the operational methods behind ETHS have proved how advanced the communication and operation methods in the crypto asset circle can be. But whether its technical strength can support today's high valuations remains to be tested by time.