Author: Mensh, ChainCatcher
Editor: Nianqing, ChainCatcher
Since the beginning of the year with the "Everyone Inscribes" craze, the Bitcoin ecosystem has shown the market the community's enthusiasm for asset issuance on the Bitcoin ecosystem. However, due to non-Turing completeness and other characteristics, achieving Bitcoin scaling is not an easy task, and various scaling solutions continue to compete. As Bitcoin approaches $100,000, with nearly a 50% increase since November, the long-awaited bull market horn has finally sounded. Consequently, Bitcoin trading volume has surged, and the Bitcoin ecosystem has prepared itself to welcome the influx of market funds after half a year of accumulation. The super protocol RGB++, which combines expectations and fundamentals, has enormous explosive potential.
Isomorphic binding and Leap cross-chain technology work together, making asset issuance flexible and efficient.
The idea of issuing assets on Bitcoin has been around for a long time. As early as 2013, colored coins were the first attempt to issue assets on the Bitcoin mainnet. Subsequently, protocols like Runes, Atomicals, Ordinals, RGB, Taproot, and BRC20 appeared in the Bitcoin ecosystem. However, due to the Turing incompleteness of Bitcoin's UTXO, asset issuance on the Bitcoin ecosystem has always struggled to balance Bitcoin's native nature and flexibility.
Taproot Asset on the Lightning Network can achieve high TPS, but it does not support complex smart contracts and only supports tokens. Ordinals, as art pieces, have poor extensibility, and based on this, BRC20, which simulates ERC20 by writing the complete functionality of tokens into BTC output scripts, only stores data and cannot transfer or mint. Although the tokens issued by Atomicals and Runes have been optimized, the transfer calculation is entirely handled by the BTC base network, so it is also limited by Bitcoin's own block speed and capacity.
RGB chooses to provide a scalable smart contract system for Bitcoin and the Lightning Network, completing off-chain expansion through UTXO combined with client verification, solving the programmability issue. However, at the asset issuance level, users cannot see the asset status of others, which can easily lead to client data island issues, and the lack of transparency severely hinders the development of DeFi and other applications.
To solve the issues with RGB, RGB++ employs isomorphic binding and Leap cross-chain technology without bridges. Simply put, isomorphic binding allows users to operate their RGB++ assets on the UTXO chain directly with their Bitcoin accounts without running a client for verification. The Leap function enables free transfer of RGB++ assets between L1 (Bitcoin blockchain) and L2 (CKB blockchain or other UTXO chains). Therefore, based on smart contracts, RGB++ provides a new way of cross-chain asset movement, allowing assets to flow freely on isomorphic chains in a native manner. It is currently the most flexible and scalable solution for asset issuance while addressing the pain points of Bitcoin's native and programmability.
The series of solutions from CKB RGB++ has received investment and adoption from key Western Bitcoin players such as Bitcoin Magazine. The mining community has also expressed strong support for this solution.
Quick implementation, unifying the ambitions of the Bitcoin ecosystem.
Full ecosystem connects traffic entry, memes or has guiding functions.
Stablecoin RUSD and USDI combine with the Lightning Network Fiber Network, which not only enriches the application scenarios of the RGB++ protocol but also serves as the best traffic entry in the ecosystem. Based on CKB, the RGB++ Layer relies on its Turing-complete smart contract environment and related facilities like native AA, providing a superior circulation environment for stablecoins in the BTCFi ecosystem. Many large holders prefer to hold Bitcoin long-term rather than trading frequently, therefore issuing stablecoins collateralized by Bitcoin can stimulate interaction between large holders and BTCFi, improve capital utilization, and reduce dependence on centralized stablecoins.
At the same time, due to its compatibility with UTXO and Turing completeness, RGB++ can issue memes on the Bitcoin mainnet or carry out projects on other UTXO chains, including the largest meme chain DOGE. In this meme-driven bull market cycle, this is akin to having a hidden trump card that could capture investors' attention at any moment.
Combining topics and strength, RGB++'s appreciation potential is about to take off.
