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Summary of XRGB
- XRGB protocol: asset interoperability and liquidity protocol for Bitcoin ecosystem
- XRGB facilitates movement of Bitcoin assets between Bitcoin and layer2 solutions
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XRGB BTC layer 2 chain:
- Implements XRGB protocol
- Components: relayers, vaults, light clients
- Brings valuable assets (BTC, BRC20, SRC20, RGB20, etc.) to layer2 chains
- Enhances usability, accessibility, and liquidity of Bitcoin blockchain
- Supports mainstream assets from BTC ecosystem (RGB20, RGB21, etc.)
- Ultimate
About XRGB: Unlocking the Potential of Decentralized Finance
The project’s long-term vision is to initially introduce the XRGB protocol, a pioneering asset interoperability and liquidity solution tailored to the Bitcoin ecosystem. By leveraging a decentralized message transmission mechanism, XRGB seamlessly facilitates the transfer of Bitcoin assets between Bitcoin and its layer 2 solutions, thereby enabling effortless circulation of assets across these platforms.
Next, we will unveil the XRGB BTC layer 2 chain, which seamlessly integrates the XRGB protocol. Through the synergy of components such as relayers, vaults, and light clients, it will facilitate the decentralized migration of valuable assets on Bitcoin, including BTC, BRC20, SRC20, RGB20, and more, onto diverse layer 2 chains. This innovation will significantly enhance the usability, accessibility, and liquidity of the Bitcoin blockchain. Furthermore, native assets on the XRGB chain can be seamlessly mapped back to the Bitcoin mainnet.
RGB20 and RGB21 herald a novel class of Bitcoin-based assets. Looking beyond RGB and BRC20 assets, the XRGB platform is poised to accommodate a diverse range of mainstream assets from the BTC ecosystem, with the ultimate goal of consolidating all BTC ecosystem liquidity.
Our ultimate objective is to establish a decentralized XRGB BTC layer 2 chain, seamlessly onboarding a diverse array of valuable assets from Bitcoin, thereby unlocking a multitude of functionalities and significantly enhancing the overall transactions per second (TPS). Furthermore, this innovation will enable the seamless integration of select valuable assets back into the Bitcoin mainnet.
Ultimately, our long-term vision revolves around the XRGB protocol, which seeks to migrate all Bitcoin assets, including RGB assets, to layer 2. This endeavor entails not only significantly boosting transaction per second (TPS) but also optimizing privacy, a hallmark feature of RGB. Our goal is to fully harness the privacy potential of our XRGB platform.