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0 sats \ 3 replies \ @mothepro 8 Aug \ parent \ on: RGB yellowpaper: the formal specification of Bitcoin & Lightning smart contracts rgb
Looks like they took down the link you had.
RGB != $RGB
They made a token called $RGB (and another called $LIGHT) that are built on the RGB protocol. The yellow (technical vs. white/marketing) paper is about the protocol.
No, RGB is not a token, but a new protocol for building on it.
Check it out at https://rgb.tech
Anyone here attempted building on RGB yet?
I can see a new wave of federated physical world asset (i.e. metals). The icing on the cake is less centralization risk because it's built on bitcoin.
This is exciting tech. With level of maturity, I can see a new wave of federated stablecoins forming—assets like USDT or precious metals, but without the centralization risk. Built on Bitcoin is the icing on the cake.
Curious who else here is building in this direction?
tl;dr You can encrypt some files. then "hide" the decryption key in the bitcoin blockchain. Finally makes a transaction using nLockTime to make the key "visible" some time in the future.
Thank you, hope this clears things up.
GENESIS