RGB consensus layer released to production \ stacker news ~rgb

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RGB consensus layer released to production rgb.tech/blog/release-v0-12-consensus/

22.5k sats \ 110k boost \ 32 comments \ @dr_orlovsky 10 Jul rgb

The LNP/BP Standards Association is excited to announce the final production-ready release of the RGB smart contracts consensus layer (v0.12)!

From today, all RGB contract developers and issuers can deploy contracts on both testnet and Bitcoin mainnet using this stable consensus release.

⚠️ Important: For security and ecosystem consistency, we strongly recommend re-issuing any contracts created with pre-release versions using this final v0.12.

🛠️ Please note:

This is a consensus layer release. It will be followed by releases of the standard library and applications. The consensus layer is unique among RGB libraries because it defines contract stability: only changes at the consensus level can break backward compatibility for contracts. Therefore, with this final v0.12 release, contracts are now forward-compatible.

Read the full release details on https://rgb.tech/blog/release-v0-12-consensus/

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265 sats \ 16 replies \ @Scoresby 10 Jul

I'm curious about RGB. It's been around for a long time now, and while I can find a number of articles that explain what it is, it seems like adoption hasn't been very strong. I'd be interested to read a fair critique of it. Why isn't it more widely in use?

380 sats \ 14 replies \ @dr_orlovsky OP 10 Jul

The main reason of its not being used is the fact that it was not released for production (until today). Consensus in client-side validated systems (RGB belongs to them) is kind of ossified from the day one when you start using in production; it is much harder to change that than blockchain consensus. Thus, it took many years to build a system which has everything needed, including zk-STARK readiness.

I am quite sure we will see a boost in RGB adoption over the next months after the release.

163 sats \ 11 replies \ @Scoresby 10 Jul

Wow, this is pretty exciting! I'll be quite interested to see what kind of consumer applications take it up.

70 sats \ 10 replies \ @SwapMarket 10 Jul

My money is on more shitcoins, but I hope to be mistaken

245 sats \ 9 replies \ @dr_orlovsky OP 11 Jul

Not just shitcoins. Also:

better liquidity on lightning
much better privacy (broken tx graph)
souvereign legal system
sovereign bearer audit logs (timestamps++)
better bitcoin programmability (much better)

With Prime (client-side validation layer 1):

1 sec settlement time
no blockchain
tens of millions tx per second with no inbound liquidity problems like in lightning
constant size data with zk-STARKs client-side peer-to-peer proofs

And yes, there is bitcoin trustless bridging to RGB and Prime - with Radiant and/or BitVM (whatever happens first).

100 sats \ 0 replies \ @SwapMarket 11 Jul

cool, thanks! I've been trying to follow this some time ago. will look more closely now.

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0 sats \ 7 replies \ @OT 12 Jul

better liquidity on lightning

Can you speak more about this?

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0 sats \ 1 reply \ @south_korea_ln 11 Jul

Consensus in client-side validated systems (RGB belongs to them) is kind of ossified from the day one when you start using in production

Why is that? Is it a technical reason?

205 sats \ 0 replies \ @dr_orlovsky OP 12 Jul

Yes, there is a pure technical reason.

In client-side validation there is no P2P network like in blockchain; you validate only part of the global history and state directly related and interested to you. Thus, if somebody in that history uses something which was valid for him, and you have a newer software in which this have become invalid (like in soft-fork in bitcoin blockchain), you will decline these data, meaning that that part of the history will be lost forever after such a change.

Also, in bitcoin blockchain you can target update events using blockchain as a Time Machine; in client-side validation there is no full order of events and you can't say that "After time point X a thing becomes valid/invalid", so no means of coordinating updates.

0 sats \ 0 replies \ @d680ecaa8e 12 Jul

I am also first time hearing about the term.

198 sats \ 1 reply \ @south_korea_ln 11 Jul

How does client-side validation work?

I vaguely remember that one critique was that true consensus is impossible because there is no global state. One asset can be sold to two other participants, and they won't know it is a double-spend unless they talk to each other.

But later, I read somewhere you said you solved this.

Do you know what I am referring to? If so, can you elaborate a bit?

177 sats \ 0 replies \ @dr_orlovsky OP 12 Jul

Yes, there is clearly a global state; first right in the contract you have its explicit, and you may distribute information about it with any data availability layer (without additional consensus), like Nostr (we also work on a dedicated DA called Storm)

10 sats \ 2 replies \ @rootmachine 22h

Where can we read more on RGB and how it helps? I don't know anything about this.

0 sats \ 1 reply \ @dr_orlovsky OP 9h

https://rgb.tech

0 sats \ 0 replies \ @rootmachine 7h

Thank you!

100 sats \ 0 replies \ @sirstackalot 13 Jul

Props to the RGB team for making this a reality. This is a game changer and will be huge for asset issuance on Bitcoin/Lightning. Can't wait to use this - so many possibilities

100 sats \ 4 replies \ @BlokchainB 12 Jul

Awaiting iOS apps that use RGB!

83 sats \ 3 replies \ @dr_orlovsky OP 12 Jul

At https://pandoraprime.ch we plan to launch https://raywallet.app iOS wallet in August for internal testing and around September for public.

0 sats \ 2 replies \ @BlokchainB 12 Jul

Ahh I had the test flight of that Wallet I had nothing to do with it

68 sats \ 1 reply \ @dr_orlovsky OP 12 Jul

Yes, it was an early demo during Lugano Plan B which was working only peer-to-peer through QR code or mesh network (i.e. when you are next to each other).

The new version will support remote invoicing.

100 sats \ 0 replies \ @BlokchainB 12 Jul

I’m excited let us know when it drops I will test it and provide feedback

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