RGB V0.11.1 has been released on Bitcoin Mainnet, enabling the issuance and management of digital assets such as stableecoins, NFTs and tokens directly on Bitcoin and Lightning Network.
RGB is a smart contract and tokenization protocol that uses validation of the client page to confirm transactions without intermediaries. It operates without trusted third parties, validators or federations. Assets are anchored to Bitcoin but are validated off-chain to maintain scalability and privacy.
“RGB’s launch is not only a technical milestone-it is a turning point,” said Viktor Ihnatiuk, co-founder of the Boosty Labs and the RGB Association. “With RGB’s programmability and privacy combined with Lightning’s scalability and in connection with a renewed Bitcoin tyr cycle, the industry can finally realize that we no longer need Ethereum, Solana or any other chain to build meaningful decentralized products. We now have everything – and it’s on Bitcoin.”
“With RGB now lives on Bitcoin Mainnet, the tool around native, programmable assets is finally real,” the founder of Bitmask & RGB Protocol Association Gideon Nwzem said. “We have gone from prototypes to factual products bit mask now supports the RGB20, and this is just the beginning. This is unlocking a new era of tokenized Bitcoin assets in the real world and the migration of the global financial system to the Bitcoin standard.”
With this release, users can create, send and receive assets on Bitcoin, use programmable contracts and transfer tokens over the lightning with low fees. The update also supports the issuance of active and trading completely within the Bitcoin system.
“The power from RGB on Bitcoin is unlocked by Lightning Network. LNFI locks defi to multi-active lightning, which provides the performing, scalable settlement layer required for serious financial applications, high-volume trade, asset management and stablecoin liquidity,” said the founder of LNFI & RGB-Protocol’s Association’s Association Darius. “We are building the basic infrastructure so projects can implement powerful RGB applications from day one.”
The RGB Protocol Association was officially announced on July 14 as a collaborative effort from key players developing the protocol, including BitFinex, Fulgur Ventures, Bitmask of Diba, Plan B Network, Boosty Labs, Kaleidoswap, Thforcy, Bitcoin Tribe and LNFI.
So far, several companies built on top of RBG have already been launched, including:
- LNFI networks that provide infrastructure for issuance and trade in RGB assets.
- Bitcoin Tribe, which offers an app to send, receive and manage RGB -Tokens.
- Bitmask that supports the RGB20 and RGB21 tookens and will enable scriptless atomic ridges on July 21.
- THFORAC, releasing Thunderlink, an API for RGB active transfers.
- Iris Wallet, a wallet that supports local control of RGB assets and Bitcoin.
“This release marks a big step forward not only for RGB, but for how people interact with assets on Bitcoin,” mentioned the founder of Bitcoin Tribe & RGB Protocol Association Anant Tapadia. “With Bitcoin tribe you can issue, send and manage assets freely, all while we remain in control. And with Holepunch power that drives peer-to-peer communication, we build more than one wallet, we build a real walk of life for Bitcoin. It’s just the beginning.”