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The BitYuan Foundation has made significant strides as of November 26th, announcing the expansion of its core technical community to integrate the Bitcoin RGB protocol. This integration, driven by the BitYuan team, features an innovative extension protocol that utilizes a decentralized blockchain network to enhance both custody solutions and client-side validation. Such advancements are crucial in improving asset security and user experience.
One key highlight of this development is the implementation of an abstract account model, which facilitates the secure and seamless transfer of RGB assets across Bitcoin UTXO and BitYuan addresses. Notably, this process eliminates the need for third-party cross-chain bridges, thereby increasing overall operational efficiency. By harnessing Bitcoin’s reliable consensus mechanism, BitYuan enables fast, low-cost transactions on its high-performance blockchain.
This strategic initiative not only enhances the core functionalities of the BitYuan network but also significantly furthers its integration within the broader Bitcoin ecosystem, marking a pivotal advancement in the evolution of the BTC L2 network.
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