Hello everyone, today we are discussing RGB++.
The impossible triangle can only ever choose two out of three.
In the world of cryptocurrency, there is an impossible triangle: decentralization, security, and scalability, of which at most two can be satisfied.
For BTC, the choice is decentralization and security, which is why we see that Bitcoin's network can only complete 7 transactions per second. This speed is not even comparable to peak settlement efficiency in e-commerce, and it completely fails to keep up with the pace of everyday economic activities.
Are there any solutions that have both good performance and high security?
Of course, there are options, but it requires sacrificing the degree of decentralization. For example, the credit cards we currently use, Visa and MasterCard, have been securely operating for many years. They are indeed fast and secure, but the downside is that they are centralized organizations.
Is it feasible to choose decentralization and scalability? Are there any solutions that are both decentralized and efficient?
There might be options, but are you sure you want to give up the bottom line of security? It's like asking what 548472 * 2342342 equals. The answer is 524546542424! Regardless of whether my calculation is correct, just say whether it's fast or not.
From the current practical results, no solution has yet been able to break through this impossible triangle. Is it true that in a decentralized world, security and scalability can never be compatible?
Perhaps the problem can be approached from a different angle. Since one triangle can only occupy two points, can two triangles do it?
RGB++ attempts to use two triangles to occupy all three sides.
After more than a decade of secure operation, Bitcoin's network has gained public recognition. Based on PoW consensus and Utxo logic, the security of the Bitcoin network has withstood multiple challenges from hackers.
Is it possible for security to be provided by the Bitcoin network while scalability is handled by RGB++ itself?
Security is the responsibility of BTC.
By using one-time sealing logic, tokens are bound to Bitcoin's Utxo, leveraging the security of the Bitcoin network to achieve equivalent security. In other words, the security of RGB++ is equivalent to that of Bitcoin.
The issue of security is solved by the Bitcoin network, leaving the remaining space for scalability.
It is well known that Bitcoin's programmability is lacking. Firstly, there isn't enough space, and secondly, it's not a Turing-complete language, making complex logic difficult to implement in the Bitcoin network.
Without smart contracts, Bitcoin's financial attributes can only remain at the 'ancient gold' stage, only capable of storing value and unable to realize various modern financial products and derivatives trading.
If only Bitcoin could have smart contracts like Ethereum.
Scalability is solved by cell.
The amount in UTXO has been expanded, turning the space originally used for storing integers into a space that can hold arbitrary data. This means developers can write scripts, and cells now have the capability to support smart contracts.
Once smart contracts can be implemented, Bitcoin, which could only store value, will have the opportunity to circulate.
Money held tightly does not generate value; only when it circulates can it yield profits.
Currently, Bitcoin has a market value of $1.4 trillion, which is more than four times Ethereum's $300 billion. If these assets can flow within the Bitcoin ecosystem, one can imagine the enormous wealth effect it will bring.
Only the first batch of brave individuals can receive the rewards of courage, but they may also get bitten by the crab.
Risk and reward coexist; the market rewards the brave.
Are you willing to explore CKB and RGB++ together?
