$ETH #CKB助力比特币生态

As the leader of cryptocurrencies, Bitcoin holds a 59% market share, securing its top position. However, with great power comes great responsibility. As it continues to grow, certain limitations and challenges have also emerged. With the growth of the network, longer confirmation times and higher transaction fees have led to decreased efficiency in handling large-scale transactions, almost as if even heroes have their moments of weakness. At the same time, compared to other blockchains, besides value transfer, this 'big brother' currently lacks the flexibility and expressiveness required for developing complex smart contracts.

To prevent the hero from faltering, the 'fans' have come up with various Layer 2 (L2) solutions, such as the Lightning Network, sidechains, and Rollups. The aim is to enhance Bitcoin's throughput by moving transactions off the main chain without compromising security. For example, the Lightning Network seeks near-instantaneous small payments. Similarly, sidechains offer greater scripting possibilities and faster transactions. However, these solutions often come with trade-offs, feeling somewhat like treating a headache by only addressing the head, leading to new complexities and greater security challenges.

Speaking of this, we must mention Nervos Network, which is also one of the scalability solutions for Bitcoin. However, what sets it apart is that it extends the RGB protocol through RGB++, enhancing Bitcoin's programmability and interoperability. It’s like having a doppelgänger, mapping Bitcoin UTXOs to CKB Cells, thereby achieving Turing-complete smart contract functionalities and cross-chain transactions based on Bitcoin L1 UTXO assets without bridges.

CKB accelerates the large-scale adoption of the Lightning Network through UTXO Stack, providing better liquidity and yield models via a decentralized staking protocol, promoting the circulation of multiple assets within the Bitcoin Lightning ecosystem, thus invisibly enhancing the practicality and security of Bitcoin’s expansion.

Time is the only standard for testing truth. Since the launch of RGB++ mainnet in April this year, the number of projects utilizing RGB++ to issue assets on Bitcoin has been steadily increasing. According to incomplete statistics, by June, there were over 15 ecological projects active on the CKB chain.

The blockchain industry is constantly changing and choosing. Will it continue with the Ethereum model, drifting further away into centralization and rent-seeking, or will it return to Bitcoin's original vision, creating a decentralized P2P system that empowers individuals?

I think the choice is clear. We certainly look forward to the revival of Bitcoin and the series of changes it brings. In the future of Web5, the models for value creation and distribution will be fairer, more just, and transparent. Everyone will break free from the past token-centric model, allowing for unrestricted, direct interaction, transactions, and value creation.

The road ahead is long and arduous; I will seek diligently in all directions. Let us work together towards the vision of Bitcoin P2P, showcasing a brand new future to the world with boundless passion and creativity.$CKB