RGB The Bitcoin mainnet has released v0.11.1, which allows the management and issuance of digital assets, such as tokens, stablecoins and NFTs.
RGB is an intelligent contract protocol and tokenization that relies on client-side verification to verify transactions. It does not require trusted third parties or validators. Assets are tied to Bitcoin But validation is performed off-chain for scalability.
“RGB’s launch isn’t just a technical milestone — it’s a turning point,” The following are some of the ways to get in touch with each other Viktor IhnatiukCo-Founder Boosty Labs Then, there is the RGB Association. “With RGB’s programmability and privacy combined with Lightning’s scalability, and in the context of a renewed Bitcoin bull cycle, the industry may finally realize we no longer need Ethereum, Solana, or any other chain to build meaningful decentralized products. We now have everything — and it’s on Bitcoin.”
“With RGB now live on Bitcoin mainnet, the tooling around native, programmable assets is finally real,” said the Founder of Bitmask & RGB Protocol Association Gideon Nwzem. “We’ve gone from prototypes to actual products – Bitmask now supports RGB20, and it’s just the beginning. This unlocks a new era for tokenized Bitcoin real-world assets and the migration of the global financial system to the Bitcoin Standard.”
Users can now create, send and receive assets using Bitcoin, utilize programmable contracts and move tokens to Lightning for low-fee transfers. This update allows asset trading and issuance within the Bitcoin network.
“The power of RGB on Bitcoin is unlocked by Lightning Network. Lnfi unlocks DeFi for multi-asset Lightning, providing the performant, scalable settlement layer required for serious financial applications, high-volume trading, asset management, and stablecoin liquidity,” stated the Founder of LNFI & RGB Protocol Association Darius. “We’re building the foundational infrastructure so projects can deploy powerful RGB applications from day one.”
This RGB Protocol Association, which was launched on 14th July, is a joint effort of key developers, such as Bitfinex Fulgur Ventures Bitmask By DIBA Plan B Network Boosty Labs Kaleidoswap ThunderStack Bitcoin Tribe and LNFI.
Multiple companies built using RBG already exist, such as:
- LNFI NetworkThe infrastructure is required to issue and trade RGB assets.
- Bitcoin TribeThis app is for managing, sending and receiving RGB tokens.
- BitmaskOn July 21,, will support RGB20 and RGB21 tokens as well as scriptless atomic exchanges.
- ThunderStackThunderLink is an API that allows RGB assets to be transferred.
- Iris WalletA wallet that supports local management for RGB assets as well as Bitcoin.
“This release marks a big step forward not just for RGB but for how people interact with assets on Bitcoin,” mentioned the Founder of Bitcoin Tribe & RGB Protocol Association Anant Tapadia. “With Bitcoin Tribe, you can issue, send, and manage assets freely, all while staying in control. And with Holepunch powering peer-to-peer communication, we’re building more than a wallet, we’re building a real community layer for Bitcoin. It’s just the beginning.”
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Source: bitcoinmagazine.com
