Hello everyone, today we talk about RGB++.
The impossible triangle can only ever choose two out of three.
In the crypto world, there is an impossible triangle: decentralization, security, and scalability, where only two out of three can be satisfied at most.
For BTC, the choice is decentralization and security, which is why we see that the Bitcoin network can only complete 7 transactions per second. This speed cannot even compare to peak settlement efficiency in e-commerce, let alone keep up with the pace of daily economic activities.
Is there a solution that is both performant and highly secure?
Of course, there are options, but it requires sacrificing some degree of decentralization. For example, credit cards like Visa and MasterCard, which have operated securely for many years, are indeed fast and secure, but the downside is that they are centralized organizations.
Is it feasible to choose decentralization and scalability? Is there a solution that is both decentralized and efficient?
There may be options, but are you sure you want to give up the baseline of security? It's like asking how much 548472*2342342 equals. It equals 524546542424! Regardless of whether my calculation is correct, just tell me if it was fast.
From the current practical results, no solution has been able to break this impossible triangle. Can it be that in a decentralized world, security and scalability can never be compatible?
Perhaps the problem can be approached differently; since a triangle can only occupy two points, can two triangles do it?
RGB++ attempts to use two triangles to occupy three sides.
After more than ten years of secure operation, the Bitcoin network has gained public recognition, with its security based on PoW consensus and UTXO logic, enduring challenges from various hackers.
Is it possible for security to be addressed by the Bitcoin network while scalability is handled by RGB++?
Security is the responsibility of BTC.
Using one-time sealing logic, binding tokens to Bitcoin's Utxo, leveraging the security of the Bitcoin network to synchronize and obtain equivalent security. In other words, the security of RGB++ is equivalent to that of Bitcoin.
The issue of security is addressed by the Bitcoin network, leaving the remaining space for scalability.
It is well known that Bitcoin's programmability is lacking; first, there is not enough space, and second, it is not a Turing-complete language, making it difficult to perform complex logic on the Bitcoin network.
Without smart contracts, Bitcoin's financial attributes can only remain at the 'ancient gold' stage, able only to store value, and cannot achieve various modern financial products and derivative trading.
If Bitcoin could have smart contracts like Ethereum, that would be great.
Scalability is addressed by Cell.
The amount in UTXO has been expanded, turning the space originally meant for integers into one that can hold arbitrary data. This means developers can write scripts, and Cell now has the capability to support smart contracts.
Once smart contracts can be implemented, Bitcoin, which could only store value, will have the opportunity to circulate.
Money held in hand does not generate value; only when it circulates can it generate wealth.
Currently, Bitcoin's market value is $1.4 trillion, more than four times Ethereum's $300 billion. If these assets can flow within the Bitcoin ecosystem, one can imagine the enormous wealth effect it could bring.
Only the first batch of people taking the plunge can receive the rewards for the brave, but they may also get bitten by the crab.
Risks and rewards coexist; the market rewards the brave.
Are you willing to join CKB and RGB++ in taking the plunge?
