BTC Mainnet, RGB++ Protocol, and CKB: A Comprehensive View of Crypto Asset Issuance

November 26 21:03 2024

The BTC mainnet, as the leader in crypto asset issuance, is driving an unprecedented boom in the BTC ecosystem through a powerful spillover effect. As the leader of BTC ecosystem protocols, the RGB++ protocol, with its technical advantages and rapid development capabilities, has become a strategic focus for CKB in this cycle. The RGB++ protocol excels in the development of BTCFi infrastructure and is highly compatible with meme and AI sectors. With the addition of the long-term deployed Lightning Network Fiber by CKB, the protocol shows immense growth potential. As the leader in BTC ecosystem targets, CKB naturally captures the value of RGB++, further reinforcing its scarcity and leadership position.

So why is the BTC mainnet the leader in crypto asset issuance, the RGB++ Layer the leader in BTC ecosystem protocols, and CKB the leader in BTC ecosystem targets?

BTC Mainnet: The Leader in Crypto Asset Issuance 

BTC is the most consensus-backed asset, and protocols that cannot support BTCFi will lose their core competitiveness.

Technical Advantages of RGB++ Layer 

The RGB++ Layer has been highly recognized by @BinanceResearch for its BTC-native technologies like isomorphic binding and bridgeless cross-chain functionality. The protocol offers Turing-complete programmability while also providing high privacy, transaction efficiency, security, and censorship resistance. The RGB++ Layer integrates a full suite of DeFi facilities, making it the only protocol currently capable of supporting BTCFi. The comprehensive support from Bitcoin’s Lightning Network and CKB’s Fiber Network greatly expands the development space of the protocol.

Advantages of CKB 

CKB serves as the decentralized indexer, smart contract engine, and DA layer for the RGB++ Layer. Issuing RGB++ assets naturally stakes CKB, allowing CKB to capture BTCFi value. Since the inception of RGB++, the CKB mainnet’s Unique Address has grown by approximately 2 million, and the overall network hashrate has increased by around 46%. Over 500 projects have issued assets on the RGB++ Layer, with over 24 million CKBs naturally staked. With just 10,000 projects, all CKB will be occupied, supporting the scarcity and leading position of CKB through natural staking.

Integration of Top Projects into the RGB++ Layer Ecosystem 

More than 500 projects have issued assets on the RGB++ Layer, with over 24 million CKB naturally staked. Top projects like Gate Web3 Wallet, CoinEx Exchange, Element NFT Marketplace, and Wizz Wallet have already integrated the RGB++ protocol, further promoting the ecosystem’s development.

-Bitcoin L2 Solutions 

Bitcoin L2 solution UTXO Stack is continuously advancing, with plans to launch the high-performance Bitcoin L2 solution Branch Chain. Its first AppChain will serve Bitcoin financial businesses. Additionally, UTXO Stack will launch a Bitcoin Lightning Network staking layer to address channel liquidity management issues, accelerating large-scale adoption of the Lightning Network.

-Innovation and Development of RGB++ Layer 

The leading RGB++ asset SEAL community has developed and operates the first Launchpad platform in the Bitcoin ecosystem, SealtoEarn, adopting a unique IBO model. The first IBO project, Stable++ protocol token $SBT, has a total issuance of 21 million, with 20% of the shares airdropped to $Seal stakers. Two rounds of staking attracted a total of 28.97 million $Seal, receiving analysis and promotion from top KOLs like 0xWizard, He Bi, and Crypto Philanthropist, gaining nearly 1 million online attention.

-Development of Stablecoins and Payment Networks

Over-collateralized stablecoin protocol Stable++ has received strategic financing from CKB Eco Fund, benchmarking RGB++ Layer against Omni Layer. It supports BTC, CKB, and RGB++ asset collateral and has issued the first RGB++ stablecoin $RUSD. The team consists of members from Google, Stanford, UC Berkeley, and top 100 public chains in CMC, with a cumulative TVL exceeding $50M. Interpaystellar will use the RGB++ protocol to build a native payment network on the BTC mainnet and launch the first programmable stablecoin #USDI to promote large-scale adoption of BTCFi and the Lightning Network.

-Decentralized Exchanges and Multi-chain Ecosystems 

UTXOSwap, the first decentralized exchange based on the RGB++ Layer, provides liquidity for all UTXO chain assets through bridgeless cross-chain and smart contract functions, making it an important part of BTCFi. Meanwhile, CKB, in collaboration with Matrixport’s subsidiary CactusCustody and Meson Finance, has issued ccBTC, backed 1:1 by Bitcoin reserves, on the CKB mainnet. Bool Network has also deployed BRC20 and Runes assets with CKB’s bidirectional cross-chain and plans to further expand to multi-chain ecosystems including ETH-CKB, SOL-CKB, and TON-CKB.

-Innovative Projects 

The full-chain AI gaming ecosystem Cellula has completed a $2 million Pre-Seed round of financing from BinanceLabs, co-led by SevenX Ventures and OKX Ventures. The project uses the RGB++ protocol to issue 511*6 sets of BitCell NFTs on Bitcoin Layer1, providing a new gaming experience. The Bitcoin autonomous world WORLD3I, based on the RGB++ Layer and DOB protocol, has completed $6 million in financing, co-led by Animoca Brands, Dapper Labs, EVG, and Com2uS. Since its launch, the project has attracted over 100,000 users and minted 3,327 SOUL Dragons on August 7.

The multi-chain composable DOBs project Nervape, built on Bitcoin, has partnered with WeirdoGhostGang to issue DOBs assets and develop games. Supported by NFTGo’s strategic incubation, dobhub is the first DOB issuance platform on CKB, allowing users to easily create and issue DOBs through its innovative Launchpad while tracking minting progress in real-time and conveniently browsing existing, upcoming, and historical series of DOBs. Element has fully integrated RGB++ and launched trading activities, while GameBuild develops SDKs supporting Bitcoin native assets and the RGB++ protocol.

Summary 

Therefore, on the world’s best crypto asset issuance platform BTC, the RGB++ Layer stands out among numerous protocols with its technical advantages, attracting numerous high-quality projects to join, while CKB captures the tremendous value it brings. This highlights the crucial role of RGB++ Layer and CKB in driving innovation and development in the crypto world.

Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

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