RGB v0.11.1 has been launched on the Bitcoin mainnet, facilitating the introduction and administration of digital assets such as stablecoins, NFTs, and tokens directly on Bitcoin and the Lightning Network.
RGB functions as a smart contract and tokenization protocol that employs client-side validation to authenticate transactions without the need for intermediaries. It operates independently of trusted third parties, validators, or federations. Assets are anchored to Bitcoin but validated off-chain, ensuring enhanced scalability and privacy.
“The launch of RGB represents more than just a technical achievement — it’s a pivotal moment,” remarked Viktor Ihnatiuk, Co-Founder of Boosty Labs and the RGB Association. “With RGB’s programmability and privacy coupled with the scalability of Lightning, and in light of a renewed Bitcoin bull market, the industry may finally come to the realization that we no longer require Ethereum, Solana, or any other blockchain to create impactful decentralized products. We now possess everything — and it’s based on Bitcoin.”
“With RGB now operational on Bitcoin mainnet, the tools surrounding native, programmable assets have become a reality,” stated the Founder of Bitmask & RGB Protocol Association Gideon Nwzem. “We’ve transitioned from prototypes to authentic products – Bitmask currently supports RGB20, and this is merely the start. This heralds a new era for tokenized Bitcoin real-world assets and the shift of the global financial landscape toward the Bitcoin Standard.”
This release allows users to generate, transmit, and receive assets on Bitcoin, utilize programmable contracts, and transfer tokens via Lightning with minimal fees. The update also accommodates asset issuance and trading entirely within the Bitcoin ecosystem.
“The potential of RGB on Bitcoin is unleashed by Lightning Network. Lnfi enables DeFi for multi-asset Lightning, delivering the efficient, scalable settlement layer necessary for advanced financial applications, high-volume trading, asset management, and stablecoin liquidity,” noted the Founder of LNFI & RGB Protocol Association Darius. “We’re establishing the core infrastructure so projects can launch powerful RGB applications from the very beginning.”
The RGB Protocol Association was officially unveiled on July 14, as a joint initiative by principal players pioneering the protocol, including Bitfinex, Fulgur Ventures, Bitmask by DIBA, Plan B Network, Boosty Labs, Kaleidoswap, ThunderStack, Bitcoin Tribe, and LNFI.
Up to now, numerous enterprises built upon RGB have already been introduced, such as:
- LNFI Network, offering infrastructure for the issuance and trading of RGB assets.
- Bitcoin Tribe, which provides an application for sending, receiving, and managing RGB tokens.
- Bitmask, supporting RGB20 and RGB21 tokens and set to enable scriptless atomic swaps on July 21.
- ThunderStack, which has launched ThunderLink, an API for RGB asset transfers.
- Iris Wallet, a wallet that facilitates local management of RGB assets alongside Bitcoin.
“This release signifies a significant advancement not only for RGB but also in the way individuals engage with assets on Bitcoin,” remarked the Founder of Bitcoin Tribe & RGB Protocol Association Anant Tapadia. “With Bitcoin Tribe, you can issue, transmit, and manage assets freely while retaining control. And by utilizing Holepunch for peer-to-peer communication, we’re creating more than just a wallet; we’re establishing a genuine community framework for Bitcoin. This is merely the outset.”
