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RGB vs existing alternatives comparison #11

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UkolovaOlga opened this issue May 11, 2020 · 1 comment
Closed

RGB vs existing alternatives comparison #11

UkolovaOlga opened this issue May 11, 2020 · 1 comment
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documentation Improvements or additions to documentation FAQ Question about LNP/BP tech stack

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@UkolovaOlga
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UkolovaOlga commented May 11, 2020

RGB compared to Liquid Confidential Assets:

  • Works with Lightning Network
  • Replaces Large Borromean signatures range proofs with modern Bulletproofs
  • No blockchain space consumption!
  • Universal smart contract system
  • Works on Bitcoin mainnet, does not require federation

RGB compared to OMNI/Colored coins/Counterparty

  • No blockchain consumption
  • Much higher privacy
  • Works with LN without its modifications

RGB compared to Ethereum/EOS/other "corporate blockchains"

  • RGB is NOT a blockchain!
  • Works on and with Bitcoin: 
the only censorship-resistant unconfiscatable hard money

Omni BOLT compared to RGB LN

  • Breaking BOLT message compatibility
  • Breaking BOLT tx structure compatibility
  • No backports from LND
  • No TLV extensions
  • Requires separate nodes for OMNI Bolt and Bitcoin LN
  • Requires Omni Core backend, can't work with just Bitcoin Core
@UkolovaOlga UkolovaOlga added documentation Improvements or additions to documentation FAQ Question about LNP/BP tech stack labels May 11, 2020
@UkolovaOlga UkolovaOlga self-assigned this May 11, 2020
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Added to the FAQ

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