Limited options in the Bitcoin ecosystem: $CKB #CKB助力比特币生态

Regarding CKB, everyone knows a little more or less

After all, it has achieved a 1433% increase in this bull market

When mentioning CKB, everyone's first reaction should be: Ah, I know, it has created some innovative protocol called RGB++, very impressive

So what is RGB++:

RGB++ is a highly innovative financial protocol in the Bitcoin Finance (BTCFi) field

As an asset issuance layer, it can issue multiple types of assets. For example, it can issue user-defined tokens (UDT) similar to Ethereum's ERC20 and digital objects (DOB) similar to ERC721, and these assets are stored in Turing-complete UTXOs, equivalent to Ether on Ethereum

It also features a unique IBO (Initial Bitcoin Offering) asset issuance model. This model balances the advantages and disadvantages of traditional venture capital models and fair issuance models, ensuring project team enthusiasm while allowing community participation

As a smart contract layer, with the help of the CKB smart contract stack, Bitcoin gains Turing-complete programmability. For instance, the UTXOSwap decentralized exchange protocol focuses on intent-based transactions, with off-chain matching and on-chain verification, allowing users to actively express trading ideas, making transactions more flexible and enabling the construction of complex DeFi protocols. There's also a stablecoin protocol like Stable++, which can issue stablecoins USDPP, allowing users to collateralize BTC or CKB for minting, freely circulating in the Bitcoin ecosystem, becoming a stable value storage and medium of exchange

At the interoperability layer, RGB++ can connect different UTXO chains, breaking the isolation of assets between different chains. Its unique no-bridge cross-chain (LEAP) mechanism allows assets to transfer between UTXO chains without the need for cross-chain bridges. For example, transferring assets from the Bitcoin chain to the Litecoin chain can be completed by changing the unlocking conditions of the UTXO, making the operation simple and safe, reducing the troubles and risks of cross-chain

In terms of user experience, verification can be completed through Bitcoin and CKB light nodes without the need for additional clients. At the same time, it has high security, with no cross-chain bridges, ensuring asset safety and censorship resistance

In summary, the RGB++ protocol provides new ideas and solutions for the development of Bitcoin, with significant advantages in asset issuance, performance enhancement, and security assurance, and is expected to further promote the development of the Bitcoin ecosystem