Ethscriptions
Crypto Overview
Overview
Ethscriptions is a protocol that enables the inscription of digital artifacts directly on Ethereum, similar to Bitcoin Ordinals. It allows users to create and trade digital artifacts by embedding data directly into Ethereum transaction calldata.
Purpose and Utility
The primary purpose of Ethscriptions is to provide a way to create and trade digital artifacts on Ethereum in a decentralized manner. The protocol enables users to inscribe text, images, and other data directly onto the Ethereum blockchain, creating verifiable digital artifacts that can be owned and transferred.
Business Model and Operations
The protocol operates through a system of smart contracts that manage the inscription and transfer of digital artifacts. The ETHS token serves as the native token of the ecosystem, used for governance and potentially providing holder benefits.
Real-World Adoption
Since its launch in 2023, Ethscriptions has gained significant traction within the Ethereum ecosystem. The protocol has processed numerous inscriptions and has an active trading community. Several marketplaces have integrated support for Ethscriptions trading.
Development Activity
The project maintains active development with regular updates to the protocol. The team continues to work on improving the infrastructure and expanding the ecosystem's capabilities.
Crypto Impact
To assign a comfort level investing in Ethscriptions from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Ethscriptions.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.