Bitcoin Munich: RGB Smart Contracts – From Assets to Digital Identities – April 21, 2021
April 21, 2021
08:00 PM CET
Olga Ukolova and others will show us the latest developments in the LNP/BP (Lightning Network Protocol / Bitcoin Protocol) stack and especially RGB, the concept which started as Colored Coins aka tokens “on Lightning” and grew into a privacy-preserving smart contracts & bearer rights system.
She will explain the basics of the technology, give a demonstration of MyCitadel – the first RGB-enabled wallet, and the asset issuance tool Bitcoin Pro. We will also scratch technical details.
Though started as a simple idea of having tokens on Lightning, RGB has developed into a system that covers many more use cases, while still benefiting the Bitcoin ecosystem.
From the technological perspective, RGB is highly robust & modular at the same time, it does not ‘pollute’ the Bitcoin timechain with unnecessary data, adds privacy and scalability even more than Lightning does, while being ready for upcoming improvements like Simplicity and Taproot.
From the user perspective, it covers many real-life use cases, from creating stablecoins like Tether, issuing company shares on Bitcoin, to proving the ownership rights over a collectible (aka ‘NFT’) or even create and manage your Digital Identity.