RGB v0.11.1 has been launched on the Bitcoin mainnet, enabling the issuance and administration of digital belongings reminiscent of stablecoins, NFTs, and tokens straight on Bitcoin and the Lightning Community.
RGB is a brilliant contract and tokenization protocol that makes use of client-side validation to substantiate transactions with out intermediaries. It operates with out trusted third events, validators, or federations. Belongings are anchored to Bitcoin however validated off-chain to keep up scalability and privateness.
“RGB’s launch isn’t only a technical milestone — it’s a turning level,” stated Viktor Ihnatiuk, Co-Founding father of Boosty Labs and the RGB Affiliation. “With RGB’s programmability and privateness mixed with Lightning’s scalability, and within the context of a renewed Bitcoin bull cycle, the business might lastly notice we not want Ethereum, Solana, or another chain to construct significant decentralized merchandise. We now have all the pieces — and it’s on Bitcoin.”
“With RGB now stay on Bitcoin mainnet, the tooling round native, programmable belongings is lastly actual,” stated the Founding father of Bitmask & RGB Protocol Affiliation Gideon Nwzem. “We’ve gone from prototypes to precise merchandise – Bitmask now helps RGB20, and it’s only the start. This unlocks a brand new period for tokenized Bitcoin real-world belongings and the migration of the worldwide monetary system to the Bitcoin Customary.”
With this launch, customers can create, ship, and obtain belongings on Bitcoin, use programmable contracts, and switch tokens over Lightning with low charges. The replace additionally helps asset issuance and buying and selling fully throughout the Bitcoin system.
“The facility of RGB on Bitcoin is unlocked by Lightning Community. Lnfi unlocks DeFi for multi-asset Lightning, offering the performant, scalable settlement layer required for critical monetary functions, high-volume buying and selling, asset administration, and stablecoin liquidity,” said the Founding father of LNFI & RGB Protocol Affiliation Darius. “We’re constructing the foundational infrastructure so tasks can deploy highly effective RGB functions from day one.”
The RGB Protocol Affiliation was formally introduced on July 14, as a collaborative effort by key gamers creating the protocol, together with Bitfinex, Fulgur Ventures, Bitmask by DIBA, Plan B Community, Boosty Labs, Kaleidoswap, ThunderStack, Bitcoin Tribe, and LNFI.
To date, a number of corporations constructed on high of RBG have already launched, together with:
- LNFI Community, offering infrastructure for issuing and buying and selling RGB belongings.
- Bitcoin Tribe, providing an app for sending, receiving, and managing RGB tokens.
- Bitmask, supporting RGB20 and RGB21 tokens and can allow scriptless atomic swaps on July 21.
- ThunderStack, who launched ThunderLink, an API for RGB asset transfers.
- Iris Pockets, a pockets supporting native administration of RGB belongings and Bitcoin.
“This launch marks an enormous step ahead not only for RGB however for a way individuals work together with belongings on Bitcoin,” talked about the Founding father of Bitcoin Tribe & RGB Protocol Affiliation Anant Tapadia. “With Bitcoin Tribe, you may situation, ship, and handle belongings freely, all whereas staying in management. And with Holepunch powering peer-to-peer communication, we’re constructing greater than a pockets, we’re constructing an actual neighborhood layer for Bitcoin. It’s only the start.”