BlockBeats News, November 13th - At the Mass Adoption Forum during Devcon 2024, Professor Feng Yu, the founder of Nubit, announced that Nubit has officially released the first trustless asset protocol based on BitVM — Goldinals. This protocol aims to address the trust issue in asset creation and transfer within the Bitcoin ecosystem, marking a new stage in Bitcoin's decentralized asset management.
The Goldinals protocol validates asset transfers through zero-knowledge proofs (ZKP) and shared state commitments, eliminating reliance on centralized indexers and achieving fully decentralized asset management. This protocol supports the issuance and transfer of tokens natively on Bitcoin, enabling developers and users to securely perform asset operations on the Bitcoin network without worrying about the trust risks associated with traditional centralized solutions.
Professor Feng pointed out that Goldinals not only aligns with Bitcoin's decentralization principles but also provides a solid foundation for more Bitcoin applications in the future, such as stablecoins.
