BlockBeats news, on November 26, the BitYuan Foundation brought exciting news! The BitYuan core technology community is actively expanding and has successfully integrated the Bitcoin RGB protocol. 🎉 What does this mean? Simply put, the BitYuan team has designed a brand new expansion protocol that utilizes a decentralized blockchain network to host and enhance client validation, thereby further improving the security and usability of assets.
The key to this innovation lies in the design of the abstract account model. Through this design, BitYuan has achieved seamless and secure transfer of RGB assets between Bitcoin UTXOs and BitYuan addresses without relying on third-party cross-chain bridges. This not only allows assets to utilize Bitcoin's powerful consensus for value storage but also enables rapid, low-cost transactions on the high-performance BitYuan chain. Even more exciting is that all of this can be achieved with interoperability among Turing-complete smart contracts.
This strategic planning undoubtedly marks a further deepening of BitYuan's involvement in the Bitcoin ecosystem. For the development of the BTC L2 network, this is undoubtedly an important step forward. For blockchain enthusiasts and investors, such innovation is certainly worth paying attention to.
So, what are your thoughts on BitYuan's innovation? Feel free to share your views and insights in the comments! Let's discuss how this technology will impact the future blockchain ecosystem.