Subnostr

Replying to

Cyph3rp9nk

Question about the RGB protocol, as I am not finding anything about it.

Does RGBTC have privacy implications?

Secretary Janet Yellen 2y ago

I believe so. The higher the layer, the better privacy, IMO.

https://www.massmux.com/assets-on-the-lightning-network-with-rgb/

RGB is client-side validated state and smart contracts system operating on Layer 2 and 3 of #Bitcoin ecosystem.

RGB is not a token protocol. Though issuance and management of highly scalable, programmable and private assets of different sort is possible with RGB, it can be applied in many indusrtied far beyond financial world.

Works with Lightning Network

No on-chain usage nor trackable footprint because of client-validated paradigm

Scales independently from Bitcoin timechain

Includes zero-knowledge & privacy built on best research-based products: Mimblewhimble: Bulletproofs by Andrew Poelstra, Liquid: Confidential Assets by Blockstream

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Discussion

CryptoClay 2y ago

I think the same. Rgb is very good in term of privacy and permit very private elements.

Cyph3rp9nk 2y ago

Thanks for the info! I will take a look at it.

Any procedure to transform BTC into RGBTC?

Secretary Janet Yellen 2y ago

I'm not that deep into RGB, yet. My guess is you need to run a special #RGB #LN node to use it.

This site might help with the first questions & steps: https://rgb.tech/

A very interesting and deep letter/article where Maxim Orlovsky, the lead developer and architect of RGB wrote an RGB explanation letter to #Bitcoin dev mailing list, which led to a very productive discussion on the topics of what RGB is, how it works, what can be done with it. He also dismissed many myths and misconceptions created over the past years by people outside of RGB dev team: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2023-April/021554.html

Quite helpful subreddit: https://www.reddit.com/r/RGB_protocol

Loki 2y ago

RGB is layer 3? Someone started another smart contracts on top of LN early on but it didn't go very far. But that makes me like the sound of it a lot more, I do not like DCs or any kind of side chain, I think that attaching blockchains to blockchains is like using car and truck tyres in place of gears. Yeah, it will work but it's fragile and wears out a lot faster.

Indranet is a layer 3 also, its not for contracts though, it's just a programmable, prepaid distributed relay network. This programmability is something we are focusing heavily on, rather than just doing a source-routed version of Tor.

The bulk of the implementation is done for that mere purpose but we aren't going to go forward to release with that because it's not really solving the problems we are targeting. The rigidity of the Big Ball of Mud that is this Tor-replacement implementation is not something we want people to get used to and see future uses excluded.