$CKB——Lightning Network, Web5 is More Than Just Small Payments
#CKB助力比特币新生态 #CKB #闪电网络 In the previous article, I discussed how CKB, through its own characteristics of PoW + UTXO, combined with the RGB++ protocol, has become an ideal L2 for Bitcoin, and what CKB is currently achieving goes far beyond this. Beyond the RGB++ protocol, in another major track of BTC L2—the Lightning Network—CKB has also made significant technological breakthroughs and built future use scenarios for the Lightning Network from a new perspective.
Like RGB/RGB++, the Lightning Network is also recognized by BTC purists as a form of L2 implementation. It establishes 'payment channels' that allow transactions to not require full on-chain recording; instead, only the most critical parts, namely the final account settlement and balance changes, need to be recorded on-chain.
In this bull market, the Bitcoin ecosystem has become the focus of the entire market. In today's unshakeable position and consensus cohesion of Bitcoin, whoever can successfully implement Bitcoin's L2, bringing Bitcoin to life and activity, will grasp the winning formula of this bull market. In my view, $CKB has already taken a significant lead over its competitors in this field.
The biggest challenges for Bitcoin's L2 are its scalability and programmability. To solve these issues, various solutions including but not limited to payment channels and sidechains have been proposed. In the first half of this year, the market was flooded with BTC L2 solutions, most of which adopted the sidechain approach—linking another independent blockchain with the BTC main chain through the staking of centralized bridge smart contracts, allowing assets to flow on another chain.
After four years of meticulous work, Nervos has added a bright pearl to the blockchain——Fiber Network light paper interpretation
Lightning Network technology solves the problems of transaction congestion and high handling fees in blockchain, allowing users to conduct fast and low-cost transactions, making large-scale application of blockchain technology possible. In the past few years, countless developers have devoted a lot of effort to this track. Yesterday, CKB released the "Next Generation Lightning Network" Fiber Network Light Paper. This technology provides RGB++ assets with fast, low-cost and decentralized multi-currency payment and peer-to-peer transaction solutions, demonstrating the team's excellent technical skills. Influenced by this good news, CKB rose nearly 20% and became a dazzling star project in the market. So, what is the Lightning Network, what problems does it solve, and how does Fiber Network make this technology land? Let me tell you in detail.
Draw a burger with Cipher - An overview of Bitcoin's layer 1 asset protocol
Preface As the hot spot of this round of bull market, Bitcoin ecology has emerged with a series of dazzling new words such as inscriptions, runes, BRC, ARC, RGB, RGB++, etc. So, what is the Bitcoin layer 1 asset protocol, and what are the differences between the various protocols? In this regard, Mr. Cipher gave a lecture with clear logic and easy-to-understand content in the public class "Overview of BTC Layer 1 Asset Protocol" in the Denglian community. Today, Baozi will lead everyone to follow Teacher Cipher’s explanation, using the issuance of “Hamburger Coin” as a guide to easily understand the nature and differences of these asset protocols.