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RGB

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About this project

Issuance, burning, secondary issuance, re-issuance, etc. are different forms of rights managed by RGB. As a smart contract system, RGB is quite different from previous Bitcoin-based (Colored coins) and non-bitcoin (Ethereum, EOS) approaches. What sets RGB apart is:

  • Separation of the concept of smart contract issuer, state owners, and state evolution
  • Smart contract code and data are kept off-chain
  • RGB uses blockchain as a state commitment layer and Bitcoin script as an ownership control system

RGB main properties:

  • Confidentiality
  • Safety
  • Scalability
  • No Bitcoin timechain congestion
  • Future-ready without hard forks
  • Higher censorship resistance than in Bitcoin as miners do not see the activity occurring with assets in the transactions