Metaverse Thinking Tutorial
Preparing for new RGB protocol
Why prepare?
Many targets in the Bitcoin inscription track have increased ten thousand times. With the launch of ORDI on Binance, the hype has reached its peak. It is difficult for BRC-20 to tell a new story. Looking at other Bitcoin asset issuance protocols, the Lightning Network is just getting started, a brand new protocol and a brand new story. Currently, there are no targets with wealth-creating effects on the Lightning Network project RGB. Early layout will give you the opportunity to seize the new ten thousand-fold increase.
This tutorial focuses on the introduction to the RGB ecosystem and basic wallet registration. Only by preparing in advance can you jump in earlier.
Introduction to RGB protocol
RGB is primarily used to support smart contract functionality on Bitcoin and the Lightning Network
RGB aims to make Bitcoin possible with smart contracts like Ethereum or other blockchain networks (Solana, BNB Chain, etc.).
Developers can use RGB to deploy homogeneous tokens RGB20 and non-homogeneous tokens NFT contracts; and it is compatible with the Lightning Network. Because RGB can support users to issue homogeneous tokens on Bitcoin or the Lightning Network by deploying smart contracts, it is also considered an alternative to the BRC-20 token.
The biggest advantage of RGB20 and BRC-20 tokens is that the tokens issued by RGB20 can be circulated in the Lightning Network, with low gas fees and fast transfers. However, BRC-20 is engraved on Satoshi, and all activities are carried out on the Bitcoin chain, which has limited scalability.
Therefore, altcoins led by the project side are likely to be issued on a large scale on the RGB network, and the prices will be more likely to be hyped up. Those who enter the game early will have a chance of enjoying a 10,000-fold increase!
Ecosystem worth paying attention to
1.RGB pepe
The currency is expected to be released on the 11th, and the specific rules have not been released yet. Monitor its telegram group at any time:
https://t.me/pepe_rgb
Official website: https://pepe-rgb.wtf/
Supply: 21 000 000
Asset ID: rgb:Gd6EseBajxBe8Q33cZ4eTSzwoiUc4LDceJuzo1NwpuLgdVn6t
2.Bitlight Labs（Cosminmart）
On the 9th, he tweeted that something was going to happen. The specific gameplay is not yet clear. Stay tuned.
All links: https://linktr.ee/cosminmart
There is an RGB asset exchange under its umbrella, which has not yet been fully developed and the webpage cannot be opened, but you can pay attention to it on
RGB ecological wallet Bitmask wallet registration process
The RGB ecosystem currently has very little infrastructure, and Bitmask is the largest wallet. If you need to participate in the RGB ecosystem in the future, you must register the Bitmask wallet in advance.
1. Open the official website address: https://beta.bitmask.app/#/
2. Download the plug-in for Chrome browser and install the plug-in
https://chrome.google.com/webstore/detail/bitmask/momakdpclmaphlamgjcndbgfckjfpemp
3. Open the plug-in and click "continue with extension"
4. Click “create wallet”
5. Enter the login password and click “create a new wallet”
6. Wait for a moment and create a username.
7. Click start
8. Save the mnemonic phrase, enter it and confirm, and then the wallet will be registered.
9. If you want to experience it, you can recharge, it is recommended to 0.0004btc
10. Be sure to recharge the mainnet. Now only the mainnet has been updated.
11. Pay attention to the task platform https://zealy.io/
Pepe posted the task here two days ago, and other project parties should follow suit in the future.
Open the website and click “Create an account” in the upper corner.
12. Just fill in any form.
13.Risk Warning
The assets on lRGB depend on the issuer, that is, the asset data is stored in the issuer (because it uses off-chain verification). There are currently various solutions for storage, which depends on the issuer's choice. Risk point: If there is a problem with the issuer's data, the assets may be lost.
lCurrently there is no automatic distribution method, so manual distribution is required. Therefore, the distribution of assets depends on the operation of the issuer. Risk point: If the issuer doesn’t give you the asset, you don’t have it.
lCurrently, after the assets are distributed, you cannot see other people’s assets. Due to the unique UTXO mechanism, indexing on RGB may require special solutions.
