The RGB Protocol has officially launched on the Bitcoin mainnet, providing smart contract capabilities and tokenized asset creation within the Bitcoin ecosystem.
Features of RGB Protocol
The RGB Protocol utilizes client-side validation technology, allowing users to create, send, and manage digital assets such as stablecoins and non-fungible tokens. Asset data is processed and verified by individual users rather than the entire network, helping preserve privacy and reduce blockchain congestion.
Financial Services on Bitcoin
RGB enhances Bitcoin's capabilities by enabling developers to build decentralized finance applications with smart contract logic. The protocol is compatible with the Lightning Network, providing fast and low-cost transfers between users, making RGB an attractive tool for implementing financial services directly on Bitcoin.
Formation of Coalition to Support RGB Development
To coordinate development and promote the protocol, the RGB Protocol Association has been formed, including significant crypto organizations like Bitfinex and Boosty Labs. The association plans to provide grants, sponsorships, and educational programs to support the RGB ecosystem.
The launch of the RGB Protocol marks a new phase in Bitcoin's evolution, expanding its functionality. With backing from major industry players, RGB could become a central part of Bitcoin's financial infrastructure.
