Oh my goodness,
I'm so excited,
I opened my wallet last night,
and found 5 billion CKB,
worth over 74 million USD,
which is equivalent to over 1,000 bitcoins,
I rubbed my eyes hard,
not believing what I was seeing,
Ah, I was finally awakened by my pet Wangcai licking me.
CKB is based on the PoW + UTXO model, which provides excellent security and transparency. PoW ensures that the cost of an attack is proportional to the computational power required by the attacker, with open participation in the network, serving as a security guarantee and social contract, capable of resisting 51% attacks, etc. In the UTXO model, transaction outputs are discrete assets, allowing nodes to validate specific UTXOs, providing scalability and privacy protection, enabling users to have clear control over asset flow, enhancing transparency.
The RGB++ protocol is crucial in the CKB ecosystem, supporting multi-asset issuance and circulation, and strengthening cross-chain interoperability. Multiple assets can be issued on the Bitcoin chain, and its “isomorphic binding” technology allows for the mapping of Bitcoin dust into assets in CKB Cells, facilitating asset transfers, and enabling seamless transitions of assets between different UTXO chains, allowing assets issued on the Bitcoin chain to circulate to off-chain payment systems. Smart contracts also provide advanced features, enriching application scenarios and liquidity.
CKB expands Bitcoin through the Fiber Network, promoting asset circulation, and the mainnet will bring new breakthroughs. The UTXO Stack enhances the liquidity of the Lightning Network, allowing users to earn returns on staked assets. JoyID is a multi-chain wallet supporting the Lightning Network, which will become a stablecoin payment gateway, promoting stablecoin payments.
