RGB Protocol Launches Testnet
Bitcoin is now a secure system of smart contracts, with the newly developed RGB protocol (Really Good Bitcoin) aiming to increase its capabilities.
RGB is a community effort to make tech for building smart contracts widely available, de-coupling smart contracts from the need for a native blockchain, making it scalable and secured through a Bitcoin block.
The platform will not issue its own token or shill any form of investment beyond voluntary support for improving the protocol. Its core principle is that all smart contracts have client-side validation, not requiring any form of network consensus.
Transactions between the two sides of an RGB contract will be entirely private, with only hash numbers as data on the blockchain. Beyond the underlying protocol, RGB is trending and creating its own batch of sub-projects, with developers not shilling tokens or startups but using the trend to offer RGB-based products.
Participation in the RGB ecosystem starts with newly updated wallets compatible with the Lightning network and may start marketing with airdrops, creating anticipation in a wider user base.
(With inputs from Shikha Singh)
You need to login in order to Like
