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210 sats \ 1 reply \ @guts 9 Jun 2023 \ on: BitMask Wallet 0.6 Beta. With support for Mainnet, Taproot, RGB 0.10, Carbonado bitcoin

Is there a popular example of UDA? Is this different to BRC-20?.

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0 sats \ 0 replies \ @cryptoquick OP 10 Jun 2023

Just the ones on DIBA.io. This should be much cheaper, more scalable, and more powerful, since it can execute all sorts of different contracts. The current LNP/BP specs define:
RGB20: Fungible tokens
RGB21: Non-fungible tokens
RGB22: Decentralized identity
RGB23: Ordered events
RGB24: Decenralized DNS

The details for all of these are computed and kept off-chain, with only an on-chain cryptographic commitment to this data as it changes, so ownership can be verified and double-spend can be prevented.

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