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RGB yellowpaper: the formal specification of Bitcoin & Lightning smart contractsgithub.com/RGB-WG/yellowpaper/blob/master/rgb-yellowpaper.pdf
1327 sats \ 130k boost \ 9 comments \ @dr_orlovsky 31 Jul rgb
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105 sats \ 3 replies \ @TRUTHSEEKER20 31 Jul
frankly, i have read the whole research and it was interesting enough to dive into the RGB 1.0 concept as it may looks like the most exciting thing happening in Bitcoin-based smart contracts right now. Love the focus on scalability without compromising privacy. cant wait to see its implementation on real-world apps and how beneficial it would be at certain levels. it seems promising, on the other hand i was wondering about, how does RGB 1.0 system ensure data integrity across multiple clients without obviousely the common issue of introducing excessive trust assumptions?
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80 sats \ 2 replies \ @dr_orlovsky OP 31 Jul
The trick is in the fact that the pieces of the state ("atoms") which can be changed/updated are owned - like bitcoin balances in UTXO model (actually, they are linked via the described mechanism of single-use seals). So there can't be any conflict, since either a party updates its state - or not!
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100 sats \ 1 reply \ @TRUTHSEEKER20 31 Jul
Ah, i can see that treating the state changes like UTXOs tied to ownership via single-use seals really simplifies the coordination problem. It’s kind of elegant how conflict resolution becomes unnecessary because ownership is binary: either you hold the right to update a piece of state, or you don’t. No global state to argue over, just local truth. Feels very in line with Bitcoin’s ethos. i suppose
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40 sats \ 0 replies \ @dr_orlovsky OP 31 Jul
Actually you do also have a global state, but it is append-only: a kind of pile where everyone can add, but no one can change or remove. It is “unowned”.
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1 sat \ 2 replies \ @BlokchainB 31 Jul
Why yellow paper and not white?
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145 sats \ 1 reply \ @dr_orlovsky OP 10h
https://medium.com/@hello_38248/differences-between-a-white-paper-yellow-paper-and-beige-paper-ad173f982237
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0 sats \ 0 replies \ @BlokchainB 15m
Thanks
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0 sats \ 0 replies \ @d680ecaa8e 31 Jul
Trying multiple wallets seems good first day but you realize that split funds is not the ideal decision.
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0 sats \ 0 replies \ @029e79dd3c 31 Jul freebie
Fhg