Lightning Network to see considerable performance enhancement

Bitcoin's Lightning Network is set to see a considerable performance enhancement in the next week or two, with the release of the Fiber network from CKB. Solving scalability issues, Reducing transaction costs, Improving transaction speed, Providing multi-asset support, and increased interoperability.

Fiber/Lighting network illustration

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 weeks.

👉 In previous offline events, the CKB team stated that they would set up 100,000 physical nodes in Fiber and the Lightning Network to promote the improvement and advancement of the P2P payment network.

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

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

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

Github - https://github.com/nervosnetwork/fiber

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

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

______________________________________________________________________________________

👉 TLDR: The Fiber network is set to be released in the coming weeks 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.