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A new journey for Bitcoin assets on the CKB mainnet: ccBTC is coming soon
CKB Eco Fund announced a strategic partnership with Cross-Chain Tokens (ccTokens) and Meson Finance to deploy and issue ccBTC backed by 1:1 Bitcoin reserves on the CKB mainnet.
Among them, Cross-Chain Tokens (ccTokens) will issue ccBTC on the CKB mainchain to introduce Bitcoin liquidity to the CKB mainnet. ccBTC is a token backed by 1:1 Bitcoin reserves. Cactus Custody will serve as the official custodian of BTC assets to ensure the careful management of the Bitcoin reserves that support ccBTC. Cactus Custody is a subsidiary of Matrixport and a compliant and licensed trust company in Hong Kong. It complies with anti-money laundering and regulatory standards and provides safe and efficient digital custody solutions.
Among them, Cross-Chain Tokens (ccTokens) will issue ccBTC on the CKB mainchain to introduce Bitcoin liquidity to the CKB mainnet. ccBTC is a token backed by 1:1 Bitcoin reserves. Cactus Custody will serve as the official custodian of BTC assets to ensure the careful management of the Bitcoin reserves that support ccBTC. Cactus Custody is a subsidiary of Matrixport and a compliant and licensed trust company in Hong Kong. It complies with anti-money laundering and regulatory standards and provides safe and efficient digital custody solutions.
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Messari Research Report: In-depth Analysis of Nervos Network (CKB)
This article is a Chinese translation of the English report "Understanding Nervos Network (CKB): A Comprehensive Overview" written by Messari. This translation is for reference only and has no legal effect. In case of any ambiguity, please refer to the original English text. We have made every effort to ensure the accuracy of the translation, but we are not responsible for any errors or omissions that may be caused by the translation. All rights in this report (including but not limited to copyright, trademark rights and other intellectual property rights) belong to Messari. The publication of this Chinese translation has been authorized by Messari. When reading, using or disseminating this translation, please abide by the same terms of use and restrictions as the original English version.
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Nervos CKB ecosystem project Nervape announced a collaboration with Weirdo Ghost Gang to explore the integration of NFT in art and technology.
Weirdo Ghost will issue DOBs assets on the CKB chain and plan to airdrop them to Weirdo Ghost and Nervape holders. These DOBs can not only be used as independent assets, but also as Nervape equipment for assembly. In addition, users who hold these DOBs in the future will have the opportunity to interact with Weirdo Ghost's upcoming game OUTA.
Nervape is a multi-chain composable digital object (DOBs) built on Bitcoin. It was minted in April and the first batch of accessory assets were issued in May. In the future, it will also open an accessory co-creation platform.
Weirdo Ghost will issue DOBs assets on the CKB chain and plan to airdrop them to Weirdo Ghost and Nervape holders. These DOBs can not only be used as independent assets, but also as Nervape equipment for assembly. In addition, users who hold these DOBs in the future will have the opportunity to interact with Weirdo Ghost's upcoming game OUTA.
Nervape is a multi-chain composable digital object (DOBs) built on Bitcoin. It was minted in April and the first batch of accessory assets were issued in May. In the future, it will also open an accessory co-creation platform.
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CKB and Cellula have reached a cooperation, which will facilitate the issuance of the first set of BitCell NFTs on the first layer of BTC using the RGB++ protocol
#CKB has reached a cooperation with the full-chain AI game ecosystem #Cellula . Cellula will use the RGB++ protocol to issue 511*6 sets of BitCell NFTs on the first layer of the Bitcoin network. Cellula's unique vPoW mining mechanism complements Bitcoin's PoW mechanism and will empower its game asset BitCell. At the same time, Cellula will also use the RGB++ protocol to create the first autonomously evolving on-chain digital life of the BTC ecosystem, bringing a new and unique experience to its ecosystem.
The RGB++ protocol provides programmability for the Bitcoin mainnet, and allows assets to jump directly (Leap) between the Bitcoin mainnet and CKB without a cross-chain bridge, achieving complete decentralization.
#CKB has reached a cooperation with the full-chain AI game ecosystem #Cellula . Cellula will use the RGB++ protocol to issue 511*6 sets of BitCell NFTs on the first layer of the Bitcoin network. Cellula's unique vPoW mining mechanism complements Bitcoin's PoW mechanism and will empower its game asset BitCell. At the same time, Cellula will also use the RGB++ protocol to create the first autonomously evolving on-chain digital life of the BTC ecosystem, bringing a new and unique experience to its ecosystem.
The RGB++ protocol provides programmability for the Bitcoin mainnet, and allows assets to jump directly (Leap) between the Bitcoin mainnet and CKB without a cross-chain bridge, achieving complete decentralization.
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CKB announced a strategic partnership with Bool Network and will launch a series of cross-chain functions on CKB
CKB and Bool Network announced a strategic partnership and plan to launch BRC20 and Runes asset bidirectional cross-chain CKB chain functions (BRC20-CKB, Runes-CKB) on CKB in July. In the future, the two parties will further expand their multi-chain ecosystem, including ETH-CKB, SOL-CKB and TON-CKB.
Bool Network is a permissionless, decentralized and secure Bitcoin verification layer, dedicated to safely promoting the decentralized expansion of the Bitcoin network without changing the Bitcoin consensus mechanism. CKB Eco Fund will continue to support various projects that connect CKB with the Bitcoin ecosystem. This cooperation will achieve a stable and efficient Bitcoin second-layer blockchain solution through CKB, while inheriting the security features of Bitcoin.
CKB and Bool Network announced a strategic partnership and plan to launch BRC20 and Runes asset bidirectional cross-chain CKB chain functions (BRC20-CKB, Runes-CKB) on CKB in July. In the future, the two parties will further expand their multi-chain ecosystem, including ETH-CKB, SOL-CKB and TON-CKB.
Bool Network is a permissionless, decentralized and secure Bitcoin verification layer, dedicated to safely promoting the decentralized expansion of the Bitcoin network without changing the Bitcoin consensus mechanism. CKB Eco Fund will continue to support various projects that connect CKB with the Bitcoin ecosystem. This cooperation will achieve a stable and efficient Bitcoin second-layer blockchain solution through CKB, while inheriting the security features of Bitcoin.
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🔥 Messari releases CKB in-depth research report🚀
🌟Messari Crypto, the world's top analysis agency, released an in-depth research report to comprehensively analyze how #Nervos #CKB breaks through the programmability and scalability limitations of Bitcoin!
#Messari thinks
✅CKB significantly improves the programming limitations of Bitcoin through its unique #UTXO expansion model (Cell Model) and custom virtual machine (CKB-VM)
✅ The RGB++ protocol brings an unprecedented smart contract execution environment and asset issuance capabilities to Bitcoin, greatly expanding the utility of Bitcoin and making it the execution and data availability layer of Bitcoin.
✅ The research report also mentioned the potential of projects such as ￥UTXO Stack and CKB Lightning Network to improve Bitcoin’s scalability.
📈 The research report mentioned that since the RGB++ protocol mainnet was launched in April 2024, the number of projects that issue assets on Bitcoin based on this protocol has surged, and CKB’s on-chain transaction activities have also grown rapidly, with new addresses in April The number is close to 400,000, a month-on-month increase of 181%.
🔍The research report pointed out that in the competition for the #比特币 L2 solution, CKB brought new possibilities to the Bitcoin ecosystem by natively expanding its functions on the basis of respecting the original spirit of Bitcoin.
💡 As the ecosystem continues to mature and more innovative projects are added, CKB will become a key pillar in the Bitcoin ecosystem and contribute new impetus to the development of global blockchain technology.
🔍Read Chinese version: Messari 研报：深度解析 Nervos Network（CKB）
🌟Messari Crypto, the world's top analysis agency, released an in-depth research report to comprehensively analyze how #Nervos #CKB breaks through the programmability and scalability limitations of Bitcoin!
#Messari thinks
✅CKB significantly improves the programming limitations of Bitcoin through its unique #UTXO expansion model (Cell Model) and custom virtual machine (CKB-VM)
✅ The RGB++ protocol brings an unprecedented smart contract execution environment and asset issuance capabilities to Bitcoin, greatly expanding the utility of Bitcoin and making it the execution and data availability layer of Bitcoin.
✅ The research report also mentioned the potential of projects such as ￥UTXO Stack and CKB Lightning Network to improve Bitcoin’s scalability.
📈 The research report mentioned that since the RGB++ protocol mainnet was launched in April 2024, the number of projects that issue assets on Bitcoin based on this protocol has surged, and CKB’s on-chain transaction activities have also grown rapidly, with new addresses in April The number is close to 400,000, a month-on-month increase of 181%.
🔍The research report pointed out that in the competition for the #比特币 L2 solution, CKB brought new possibilities to the Bitcoin ecosystem by natively expanding its functions on the basis of respecting the original spirit of Bitcoin.
💡 As the ecosystem continues to mature and more innovative projects are added, CKB will become a key pillar in the Bitcoin ecosystem and contribute new impetus to the development of global blockchain technology.
🔍Read Chinese version: Messari 研报：深度解析 Nervos Network（CKB）
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Can the uniqueness of UTXO give rise to a new ecological model? (Part 2)
On June 10, Cipher, the author of the RGB++ protocol and founder of CELL Studio, Lin, the co-founder of DotSwap, Tim Xie, the co-founder of Shell Finance, and NIGO, the CMO of TBC (Turingbitchain), visited the Twitter Space of UTXO Stack to discuss whether the UTXO model can give birth to a new model for the Bitcoin ecosystem.
In the previous text, the guests shared the differences and advantages of the UTXO model and the account model in terms of design philosophy, efficiency, etc., as well as how to implement smart contract capabilities based on the UTXO model. This text will cover topics such as challenges in developing projects based on the UTXO model, L2 solutions, security, and ecological models.
In the previous text, the guests shared the differences and advantages of the UTXO model and the account model in terms of design philosophy, efficiency, etc., as well as how to implement smart contract capabilities based on the UTXO model. This text will cover topics such as challenges in developing projects based on the UTXO model, L2 solutions, security, and ecological models.
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Can the uniqueness of UTXO give rise to a new ecological model? (Part 1)
On June 10, Cipher, the author of the RGB++ protocol and founder of CELL Studio, Lin, the co-founder of DotSwap, Timxie, the co-founder of Shell Finance, and NIGO, the CMO of TBC (Turingbitchain), visited the Twitter Space of UTXO Stack to discuss whether the UTXO model can give birth to a new model for the Bitcoin ecosystem.
UTXO Stack is a modular BTC L2 one-click chain platform that can help project developers issue Bitcoin L2 based on the UTXO architecture with one click, and natively integrates the RGB++ protocol. In terms of security, UTXO Stack guarantees the security of L2 by staking Bitcoin, CKB, and Bitcoin L1 assets. Simply put, we can think of UTXO Stack as the OP Stack + EigenLayer of the Bitcoin ecosystem.
UTXO Stack is a modular BTC L2 one-click chain platform that can help project developers issue Bitcoin L2 based on the UTXO architecture with one click, and natively integrates the RGB++ protocol. In terms of security, UTXO Stack guarantees the security of L2 by staking Bitcoin, CKB, and Bitcoin L1 assets. Simply put, we can think of UTXO Stack as the OP Stack + EigenLayer of the Bitcoin ecosystem.
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The past and present of the UTXO model
This article is reproduced from TechFlow, author Echo, BiHelix (Satoshi Labs), guided by Hong Shuning, original link: https://www.techflowpost.com/article/detail_15632.html
"UTXO blockchains lay the foundation and undisputed foundation for today's blockchain industry. UTXO technology reflects Satoshi Nakamoto's core vision of ultimate financial freedom." The UTXO model ensures security, data privacy and scalability at the core of financial activities, and is a safer alternative to the Ethereum account model.
Blockchain Principles: The Basis of the UTXO Model
Blockchain is a digital, decentralized, distributed ledger. Blockchain uses a P2P (peer-to-peer) network, where participants are called nodes. The ledger stores data about transactions. The most important feature of blockchain is that blocks are linked together cryptographically.
"UTXO blockchains lay the foundation and undisputed foundation for today's blockchain industry. UTXO technology reflects Satoshi Nakamoto's core vision of ultimate financial freedom." The UTXO model ensures security, data privacy and scalability at the core of financial activities, and is a safer alternative to the Ethereum account model.
Blockchain Principles: The Basis of the UTXO Model
Blockchain is a digital, decentralized, distributed ledger. Blockchain uses a P2P (peer-to-peer) network, where participants are called nodes. The ledger stores data about transactions. The most important feature of blockchain is that blocks are linked together cryptographically.
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Deep understanding #UTXOStack
L1: Programmability ➡️ Turing-complete capabilities with #RGB++ protocol;
L2: Scalability ➡️ One-click deployment of UTXO-based application chains.
L1: Programmability ➡️ Turing-complete capabilities with #RGB++ protocol;
L2: Scalability ➡️ One-click deployment of UTXO-based application chains.
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Popular Science | What is UTXO?
The English name of #UTXO is Unspent Transaction Output, which means “unspent transaction output”. It should be said that the core concept of Bitcoin transaction and the core knowledge point of transaction is UTXO, so let’s talk about UTXO in this article.
Transaction components
There is no concept of accounts in Bitcoin. The so-called balance of an address is actually calculated by counting all transactions related to this address. So let's adjust the focus of the microscope and take a look at what elements are included in a transaction.
Transaction components
There is no concept of accounts in Bitcoin. The so-called balance of an address is actually calculated by counting all transactions related to this address. So let's adjust the focus of the microscope and take a look at what elements are included in a transaction.
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Nostr Ecosystem Development Status and Problems
Last week, CKB community member Retric proposed the Nostr Binding Protocol.
The Nostr Binding Protocol is used to create a one-to-one mapping relationship between Nostr Event and CKB Cell. Ordinary users can create and distribute native assets in the Nostr social network based on this protocol. Through RGB++, these assets on Nostr can also be controlled by Bitcoin addresses. Client developers can build products on it. Unlike ETH dApp, which is divided into two systems (one is the off-chain server and the other is the on-chain smart contract), the Nostr Binding Protocol brings a new development paradigm to dApp. It uses a consistent system with different data levels to build dApp. It is reported that the Nostr Binding Protocol can be seamlessly integrated into the CKB Lightning Network in the future to solve the problem of native payment in social networks.
The Nostr Binding Protocol is used to create a one-to-one mapping relationship between Nostr Event and CKB Cell. Ordinary users can create and distribute native assets in the Nostr social network based on this protocol. Through RGB++, these assets on Nostr can also be controlled by Bitcoin addresses. Client developers can build products on it. Unlike ETH dApp, which is divided into two systems (one is the off-chain server and the other is the on-chain smart contract), the Nostr Binding Protocol brings a new development paradigm to dApp. It uses a consistent system with different data levels to build dApp. It is reported that the Nostr Binding Protocol can be seamlessly integrated into the CKB Lightning Network in the future to solve the problem of native payment in social networks.
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Understanding CKB’s programmability from Bitcoin application programming
The following content is reproduced from the Nervos Talk forum, written by Ajian (Editor-in-Chief of Bitcoin content platform BTC Study). Original link: https://talk.nervos.org/t/ckb/7504
Summary
Understanding the programmability of a system requires us to identify the structural characteristics of the system. Exploring application programming based on Bitcoin scripts helps us understand the basic structure of CKB Cell and its programming paradigm. Not only that, it can also decompose CKB's programming elements into appropriate parts and help us understand the programmability gains brought by each part.
Summary
Understanding the programmability of a system requires us to identify the structural characteristics of the system. Exploring application programming based on Bitcoin scripts helps us understand the basic structure of CKB Cell and its programming paradigm. Not only that, it can also decompose CKB's programming elements into appropriate parts and help us understand the programmability gains brought by each part.
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Comparison between UTXO and Account models
Original English link: https://medium.com/nervosnetwork/my-comparison-between-the-utxo-and-account-model-821eb46691b2
In the current blockchain world, there are two main ways of keeping records, the UTXO model (Unspent Transaction Output) and the Account model. Bitcoin uses the UTXO model, and Ethereum uses the Account model.
Bitcoin was originally designed as a peer-to-peer electronic cash system. In Bitcoin, each transaction consumes the UTXO generated by the previous transaction and then generates a new UTXO. The balance of an account is the set of all unspent UTXOs belonging to the address, and the global state of Bitcoin is the set of all currently unspent UTXOs. Ethereum intends to create a more general protocol that supports Turing-complete programming languages, on which users can write smart contracts and create various decentralized applications. Due to the shortcomings of the UTXO model in state preservation and programmability, Ethereum introduced the Account model.
In the current blockchain world, there are two main ways of keeping records, the UTXO model (Unspent Transaction Output) and the Account model. Bitcoin uses the UTXO model, and Ethereum uses the Account model.
Bitcoin was originally designed as a peer-to-peer electronic cash system. In Bitcoin, each transaction consumes the UTXO generated by the previous transaction and then generates a new UTXO. The balance of an account is the set of all unspent UTXOs belonging to the address, and the global state of Bitcoin is the set of all currently unspent UTXOs. Ethereum intends to create a more general protocol that supports Turing-complete programming languages, on which users can write smart contracts and create various decentralized applications. Due to the shortcomings of the UTXO model in state preservation and programmability, Ethereum introduced the Account model.
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🎉 On May 31st, the first $CKB Korea Meet Up will be held during #BitcoinSeoul ! 🚀
🗓️ Date: May 31st 18:00 - 21:30
🪄 Venue: Hashed Lounge
📍 Address: 3rd Floor, Milim Tower, 14 Teheran-ro 4-gil, Gangnam-gu, Seoul
🥳 This gathering is not only a special Meet Up for the $CKB community, but also a great platform for communication and cooperation within the industry.
- 🥂 In-depth communication: communicate with #CKB community members, developers and #区块链 enthusiasts from Korea and around the world.
- ❤️🔥 Discuss together: gain a deeper understanding of the latest developments, technical progress and future plans of CKB.
- 🚀 Community building: Help CKB develop its community in Korea and build a vibrant ecosystem together.
🤝 Friends, see you in Korea at #Seoul
🗓️ Date: May 31st 18:00 - 21:30
🪄 Venue: Hashed Lounge
📍 Address: 3rd Floor, Milim Tower, 14 Teheran-ro 4-gil, Gangnam-gu, Seoul
🥳 This gathering is not only a special Meet Up for the $CKB community, but also a great platform for communication and cooperation within the industry.
- 🥂 In-depth communication: communicate with #CKB community members, developers and #区块链 enthusiasts from Korea and around the world.
- ❤️🔥 Discuss together: gain a deeper understanding of the latest developments, technical progress and future plans of CKB.
- 🚀 Community building: Help CKB develop its community in Korea and build a vibrant ecosystem together.
🤝 Friends, see you in Korea at #Seoul
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Dialogue with CKB: A breakthrough for the Bitcoin ecosystem
On the evening of May 16, "Geek Web3" invited guests from Bitlayer, CKB, and Bool Network to discuss many issues related to Bitcoin Layer 2 on Twitter.
The following are the key points shared by Baiyu, partner of CKB Eco Fund, in this Space, excerpted from the article "Dialogue between Bitlayer, CKB and Bool Network: A Great Debate on Different Schools of Bitcoin Layer 2" (Part 1 and Part 2) by "Geek Web3".
Q1: What do you think of the current development of the Bitcoin ecosystem?
Baiyu: I think the trend is becoming more and more obvious. But it seems that the sentiment of retail investors in the secondary market is completely opposite to that of the primary market. I also felt it in CKB. Before, the Bitcoin ecosystem was mainly fair launch, and retail investors were playing. There were few regular troops. The enthusiasm in the East was much higher than that in the West, and the enthusiasm of retail investors was much higher than that of VC. But now it feels the opposite. First of all, the fair launch, such as Runes or other performances, does not seem to be as high as expected before.
The following are the key points shared by Baiyu, partner of CKB Eco Fund, in this Space, excerpted from the article "Dialogue between Bitlayer, CKB and Bool Network: A Great Debate on Different Schools of Bitcoin Layer 2" (Part 1 and Part 2) by "Geek Web3".
Q1: What do you think of the current development of the Bitcoin ecosystem?
Baiyu: I think the trend is becoming more and more obvious. But it seems that the sentiment of retail investors in the secondary market is completely opposite to that of the primary market. I also felt it in CKB. Before, the Bitcoin ecosystem was mainly fair launch, and retail investors were playing. There were few regular troops. The enthusiasm in the East was much higher than that in the West, and the enthusiasm of retail investors was much higher than that of VC. But now it feels the opposite. First of all, the fair launch, such as Runes or other performances, does not seem to be as high as expected before.
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Nostr Binding Protocol brings new possibilities based on on-chain mechanisms
CKB community member Retric proposed Nostr Binding Protocol
The original article was published on Github https://github.com/RetricSu/nostr-binding/blob/main/docs/lightpaper-zh.md
In this post, we proposed a protocol to bind basic data structures in the Nostr protocol to the CKB blockchain. Through this binding, we allow Nostr native data to inherit the characteristics of UTXO/Cell on the CKB blockchain, bringing new possibilities for Nostr protocol based on on-chain mechanisms. A potential use case is to issue native assets on Nostr. The Nostr binding protocol also brings a new development paradigm for dApps. Instead of splitting your dApp into two systems (one is the off-chain server, and the other is the on-chain smart contract), we use a consistent system with different data levels to build dApps. This is fundamentally different from Ethereum's model.
The original article was published on Github https://github.com/RetricSu/nostr-binding/blob/main/docs/lightpaper-zh.md
In this post, we proposed a protocol to bind basic data structures in the Nostr protocol to the CKB blockchain. Through this binding, we allow Nostr native data to inherit the characteristics of UTXO/Cell on the CKB blockchain, bringing new possibilities for Nostr protocol based on on-chain mechanisms. A potential use case is to issue native assets on Nostr. The Nostr binding protocol also brings a new development paradigm for dApps. Instead of splitting your dApp into two systems (one is the off-chain server, and the other is the on-chain smart contract), we use a consistent system with different data levels to build dApps. This is fundamentally different from Ethereum's model.
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JoyID Wallet Quick Start Guide
The article "10-minute quick start on the RGB++ protocol and how to play" introduces the relevant knowledge of the RGB++ protocol, the existing ecosystem of RGB++ and how to play in easy-to-understand language, with the aim of helping everyone get started quickly. JoyID wallet is currently the most comprehensive crypto wallet supporting RGB++ assets, so being proficient in the use of JoyID is particularly important for in-depth participation in the RGB++ ecosystem.
This article will select some content from the JoyID Passkey Wiki to help you quickly get started and use the JoyID wallet.
JoyID Wallet Introduction
1. What is JoyID Wallet?
This article will select some content from the JoyID Passkey Wiki to help you quickly get started and use the JoyID wallet.
JoyID Wallet Introduction
1. What is JoyID Wallet?
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10-minute quick introduction to the RGB++ protocol and how to play
From the deployment to the Bitcoin mainnet in early April to now, in less than a month, more than 300 crypto assets have been issued through the RGB++ protocol, and the number of holding addresses of the first RGB++ asset $SEAL has reached 16,850, with a cumulative transaction volume of more than 180
。
In addition, the ecological development of RGB++ has also begun to take shape, and necessary infrastructure such as wallets, browsers, DEX, Launchpad, asset managers, etc. are available.
However, there are still many people who don’t know enough about the RGB++ protocol and how to play it, and want to participate but don’t know where to start. Therefore, today’s article will be divided into 3 parts. The first part introduces the relevant knowledge of the RGB++ protocol in plain language, the second part introduces the RGB++ ecosystem and how to play it, and the third part is FAQ, hoping to help everyone get started quickly.
。
In addition, the ecological development of RGB++ has also begun to take shape, and necessary infrastructure such as wallets, browsers, DEX, Launchpad, asset managers, etc. are available.
However, there are still many people who don’t know enough about the RGB++ protocol and how to play it, and want to participate but don’t know where to start. Therefore, today’s article will be divided into 3 parts. The first part introduces the relevant knowledge of the RGB++ protocol in plain language, the second part introduces the RGB++ ecosystem and how to play it, and the third part is FAQ, hoping to help everyone get started quickly.
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