BitYuan Foundation announces that the core technology community is actively expanding and integrating the Bitcoin RGB protocol. By designing an extended protocol, BitYuan utilizes a decentralized blockchain network to enhance client verification, significantly improving asset security and usability.
The innovative abstract account model enables seamless transfer of RGB assets between Bitcoin UTXO and BitYuan addresses without the need for third-party cross-chain bridges. This move not only leverages Bitcoin's strong consensus for value storage but also facilitates fast, low-cost transactions on the BitYuan chain, promoting the development of the BTC L2 network.