RGB - Private & Scalable Smart Contracts on the Bitcoin Lightning Network

[Husires]

Smart contracting system that works on top of the Lightning network, designed to provide confidentiality and scalability.

*Scalability

All data is handled outside on-chain network, as it can work on top of the Lightning Network without any changes to the LN protocols.

*single-use seals are used once defined via bitcoin transaction outputs, which provide the ability for any party with a smart contract status record to verify its uniqueness. Safety is provided by the blockchain provided by Bitcoin network.

What is possible with RGB:

>> Issue digital fungible assets, like stock, bonds and other forms of securities
>> Create different forms of collectibles (non-fungible assets)
>> Create and manage sovereign/decentralized identities
>> Design and run other forms of arbitrary-complex smart contracts

GB separates concept of smart contract issuer, state owners and state evolution
RGB keeps the smart contract code and data offchain
RGB uses blockchain as a state commitment layer and Bitcoin script as an ownership control system; while smart contract evolution is defined by off-chain schema and Turing-complete scripting system using Simplicity language

https://github.com/LNP-BP/devcalls/blob/master/RGB%20%26%20Spectrum%20explanation%20for%20business.pdf

state can assign a set of specific seals for individual use. Each smart contract may maintain different forms of state and define different types of single-use seals with different verification rules

RGB operates in “shards”, where each contract has a separate state history and data; different smart contracts never intersect in their histories directly. This allows another level of scalability; and while the therm “shard” is incorrect, we use it to demonstrate that RGB actually achieves what was planned to be achieved with “Ethereum shards”.

RGB originally was envisioned in 2016 by Giacomo Zucco and Peter Todd, presenting a further development for Peter’s Todd concepts of client-side validation and single-use seals. Its development was maintained for some time by BHB Network, inbitcoin and supported by Poseidon Group; for this time the main developer for RGB technology was Alekos Filini

Source https://rgb-org.github.io/

[Husires]

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[didzi]

just know about this project ? does this project already tradeable in exchange ?
anyway in my opinion another link such as a site link, or an announcements thread link in this forum will be good mate

[Husires]

just know about this project ? does this project already tradeable in exchange ?
anyway in my opinion another link such as a site link, or an announcements thread link in this forum will be good mate

it is open source and you can check it on github. if you want to add for it you can fork it.
I don’t know why they don’t have an ad. you can ask them on github.