Everyone knows that CKB is a public chain based on the Bitcoin network, and it is also one of the leading currencies with the Hong Kong concept.
After reading this article, you will find that we didn’t really understand CKB before.
Before we start, let's imagine a payment network like this: no license is required to open an account, there are no national border restrictions, it can support a variety of stablecoins, even if it's just a dime, you can transfer it, the handling fee is 0.0000%, and it is an online payment network with P2P programmable features. What kind of changes will such a network bring?
CKB as Bitcoin's ideal Layer 2 RGB++: Opening a new chapter of innovative financial protocols in the BTCFi field
CKB is an ideal Layer 2 solution for Bitcoin, and its RGB++ protocol brings a highly innovative financial protocol model within the scope of BTCFi (Bitcoin Finance).
In terms of smart contracts, the RGB++ protocol has an outstanding performance. It is based on Bitcoin's UTXO model and leverages CKB's own architectural advantages to make the construction and execution of smart contracts more complex and flexible. For example, it can easily implement functions such as conditional payments and multi-party collaborative contracts, which undoubtedly greatly expands the possibilities of Bitcoin financial applications at the business logic level.
In the field of privacy protection, the RGB++ protocol adopts cutting-edge encryption technology and carefully designed privacy solutions. While ensuring that financial transactions comply with relevant regulations, it can better conceal the identity information of transaction participants and specific transaction details, significantly improving the privacy and security of Bitcoin financial transactions.
In addition, the RGB++ protocol also plays an important role in asset management. It helps to achieve diversified management operations for Bitcoin and its related derivative assets. For example, it can more conveniently create, trade and track various forms of financial assets based on Bitcoin, such as a variety of Bitcoin derivatives, synthetic assets, etc., thus meeting the diverse needs of different investors and market participants.
CKB as Bitcoin's ideal Layer 2 JoyID + Lightning Network: Passkey Wallet creates a new experience for decentralized payment
When CKB serves as Bitcoin's ideal Layer 2, the combination of JoyID and Lightning Network brings a refreshing new experience to decentralized payments, and the leader of this experience is the Passkey wallet.
Let's first look at JoyID, which has brought about an innovation in identity verification. In the context of decentralized payment, JoyID completely abandons the traditional identity verification routine that relies on usernames and passwords, and instead adopts a more advanced verification mechanism based on public and private key pairs. In this way, users only need to use their private keys to prove their identities. This verification method is not only extremely secure, but also identity information is difficult to be stolen or tampered with by others.
In addition, JoyID not only focuses on security, but also pays great attention to optimizing user experience. When users make payments and other related operations, they no longer need to go through the tedious process of entering usernames and passwords. They can quickly complete the operation through simple device authorization methods, such as fingerprint and facial recognition, combined with private key verification, which greatly improves the convenience and speed of payment.
Let’s look at the Lightning Network, which is a well-known second-layer solution in the Bitcoin ecosystem, mainly used to achieve fast small payments. When it is combined with CKB and identity authentication is performed through JoyID, payment efficiency is further improved. The Lightning Network achieves this goal by establishing a payment channel off-chain, so that those frequent small payments can be completed quickly within the channel without having to confirm the transaction on the Bitcoin main chain every time, which greatly shortens the payment time and can almost achieve the effect of instant payment.
Moreover, the combination of Lightning Network and CKB also brings the advantage of low handling fees. Since a large number of small payments are completed in off-chain channels, this greatly reduces the occupation of main chain resources, thereby reducing transaction costs, making decentralized payments more economically attractive, especially for daily small-amount consumption scenarios.
CKB as Bitcoin's ideal Layer 2 Fiber Network: Depicting a bright future for cross-chain circulation
As the ideal Layer 2 of Bitcoin, CKB's Fiber Network paints an extremely attractive future picture in terms of cross-chain circulation.
As a key infrastructure in the CKB ecosystem dedicated to achieving cross-chain circulation, Fiber Network uses advanced cross-chain technology and carefully builds a network architecture that can connect different blockchains. Through this architecture, CKB can perform cross-chain asset transfer and interactive operations with other mainstream blockchains, including Bitcoin and other public chains.
Its primary advantage is that it can break down the barriers between different blockchains. In the past, assets such as Bitcoin were often limited to the single blockchain ecosystem in which they were located. However, through the Fiber Network, Bitcoin can flow freely to other chains and exchange and cooperate with assets on other chains. This undoubtedly greatly expands the scope of Bitcoin's application and the way to realize its value.
At the same time, Fiber Network has also greatly promoted the efficient circulation of assets between different blockchains. With the help of optimized cross-chain protocols and technologies, it can ensure the accuracy, security and timeliness of cross-chain asset transfers, allowing all types of assets to flow freely in a wider blockchain field, thereby meeting the needs of market participants for asset allocation, cross-chain cooperation and other aspects.
In addition, this cross-chain circulation capability also enriches the synergy of the entire blockchain ecosystem. Projects, users, and resources of different blockchains can interact through Fiber Network, forming a more diversified and dynamic blockchain ecosystem, providing a broader space for the development of Bitcoin and other related assets.
