Nervos’ Bitcoin layer 2 to be released on mainnet next month

Having recently released the RGB++ protocol, a bridgeless isomorphic layer 2 for Bitcoin this year, which garnered significant attention and controversy from many crypto communities - Cell studios from Nervos network is set to release another additional development for the Bitcoin layer 2 narrative. The Fiber -network.

INTRODUCTION TO FIBER NETWORK

By building off-chain channels on Nervos CKB, Fiber network aims to combine the successful experience of the Lightning Network with CKB's technical advantages to create a fast, low-cost, and decentralized multi-asset real-time payment network. Specifically:

1. Solving scalability issues: Through off-chain payment channels and multi-hop routing, Fiber Network can achieve high-throughput transaction processing, meeting the needs of large-scale users.
2. Reducing transaction costs: By reducing the frequency of on-chain transactions, it lowers transaction fees, making micropayments feasible and efficient.
3. Improving transaction speed: The instant confirmation of off-chain transactions provides a split second payment confirmation experience suitable for various instant payment scenarios.
4. Multi-asset support: Fiber Network supports payments in a variety of digital assets, offering users a broader range of payment options.
5. Interoperability: Fiber Network supports interoperability with the Bitcoin Lightning Network, providing support for cross-chain payments and asset transfers.

???? Announcing at the recent CKCon held in Thailand, that the Fiber network is in its second proof of concept phase and on its way to being released to Mainnet in the coming month.

INTRODUCTION TO RGB++

RGB++ is an extension protocol based on RGB, utilizing single-use seals and client-side validation technology to manage state changes and transaction verification. It maps Bitcoin UTXOs to Nervos CKB Cells via isomorphic bindings and uses script constraints on the CKB and Bitcoin chains to verify the correctness of state computation and the validity of ownership changes.

RGB++ addresses the technical challenges faced by the original RGB protocol in practical implementation and provides more possibilities, such as blockchain-enhanced client validation, transaction folding, shared states with ownerless contracts, and non-interactive transfers. It brings Turing-complete contract extensions and performance enhancements to Bitcoin without the need for cross-chain transfers or compromising security.

RESOURCES

Lead developer - https://x.com/crypcipher

Development team - https://x.com/ckbcell

Fiber Network website - https://www.ckbfiber.net/

Fiber Network White paper - https://github.com/nervosnetwork/fiber/blob/main/docs/light-paper.md

RGB++ white paper - https://talk.nervos.org/t/rgb-protocol-light-paper-translation/7790

UTXO Stack - https://x.com/UTXOStack

Nervos network - https://x.com/nervosnetwork

CKCon live recording - https://www.youtube.com/watch?v=CyIZj69Tktc

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???? TLDR: Nervos’ Fiber network is set to be released in the coming month and aims to combine the successful experience of the Bitcoin Lightning Network with CKB's technical advantages to create a fast, low-cost, and decentralized multi-asset real-time payment network.

Coupled with RGB++ a new bridgeless, isomorphic layer 2 for Bitcoin, could potentially make Nervos’ a big player in the Bitcoin layer 2 narrative this cycle