THELOGICALINDIAN - BHB Network architect and selfconfessed Bitcoin maximalist Giacomo Zucco has appear a Lightning Networkenabled agreement for ablution tokenized assets on the Bitcoin blockchain
RGB, “promoted” by the BHB Network, describes itself as “a absolutely free, open-source, non-profit and community-oriented effort… aimed at the development of standards and best practices to issue, address and abundance ‘Bitcoin-based non-bitcoin assets.’”
An antecedent readme for the project’s Github became accessible aftermost week, with Zucco formally presenting RGB July 4.
A key aspect of the badge arising agreement is Lightning Network integration. The move comes as Blockstream additionally debuts its alleged ‘Issued Assets,’ a affection acceptance users of its Liquid sidechain platform to actualize their own badge asset.
Asked whether RGB meant users could affair tokens or acute affairs on Bitcoin via Lightning, Zucco replied on amusing media arising so far was on-chain.
“Issuance for now is on-chain. Transfers can calmly be (& ‘should’ be if possible, for several reasons, including proof-passing & privacy) via Lightning Network,” he confirmed.
While capacity of accomplishing and approaching development of both projects charcoal somewhat sparse, their conception appears to claiming the charge for altcoin tokens alms agnate specific appearance via an absolutely abstracted blockchain.
“If addition finds an ability or aegis agreement addition I anticipate it would be chip into bitcoin,” Blockstream CEO and artist of proof-of-work, Adam Back, commented during a Twitter agitation Wednesday.
Lightning’s adeptness to attempt in that acreage will ultimately depend on its own expansion, Bitcoinist reporting aftermost anniversary that in its accepted form, alone baby affairs see acknowledged completion.
The reason, proponents argue, is the adorning action of absorption on robustness while volumes and accommodation both abide marginal.
What do you anticipate about RGB? Let us apperceive in the comments area below!
Images address of Shutterstock, Twitter
