Question about the RGB protocol, as I am not finding anything about it.
Does RGBTC have privacy implications?
Discussion
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
I think the same. Rgb is very good in term of privacy and permit very private elements.
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.