Connect with us


How To Back Up Your Bitcoin In Case Of Emergency With The Hodlr One Titanium

Avatar photo



How To Back Up Your Bitcoin In Case Of Emergency With The Hodlr One Titanium

An Introduction To Bitcoin Seed Phrases

This article demonstrates how to use the Hodlr One Titanium Bitcoin seed phrase backup from Hodlr Swiss.

When taking self-custody of your bitcoin it is important to ensure you have a good system in place to back up your private keys. In the event that you lose access to your Bitcoin wallet, whether it’s a desktop wallet, a mobile wallet or a hardware wallet, your backup phrase is what enables recovering your bitcoin.

A widely-accepted method used to make this backup information easier for humans to handle is called BIP39. This method involves converting the numbers used to derive your extended private key into human-readable words, selected from the 2,048 words found on the standardized English word list. Each word on the list corresponds to an index number and no two words on the list begin with the same four-letter sequence. Samourai Wallet, Sparrow Wallet, COLDCARD, Passport and SeedSigner, among many others, are just a few examples of wallets that will present the bitcoin recovery information as a list of words following the BIP39 standard, known as a “seed phrase.”

The way a user handles their seed phrase is very important because anyone who gains access to these words could steal the associated bitcoin. Most commonly, the seed phrase will be either 12 words in length or 24 words in length, although some wallets support lists of varying lengths. Saving the seed phrase in an unencrypted text document or an image file is never recommended. Writing the seed phrase down on a piece of paper is a good start since this ensures that the words cannot be accessed remotely on an insecure computer. However, paper backups can fail in extreme environmental conditions like fires and floods. Many people have sought out clever ways to use metal as a more secure medium to store their seed words. Hodlr Swiss offers a product designed to make backing up your seed phrase easy and secure. The Hodlr One Titanium backup can withstand temperatures as high as 1,668°C, roughly 250° higher than stainless steel and nearly double the average temperature of a house fire.

The Hodlr One Titanium is capable of securing two different standards, BIP39 and SLIP39. SLIP39 is similar to BIP39 in that it uses a list of words to translate the information used to derive the private key, however the two methods are distinctly different in the way they handle this information and it is important to choose only one method for your backup because a list of BIP39 words will produce a different result when computed with the SLIP39 recovery method and vise versa. For the purposes of this demonstration, the BIP39 method was used.

This product involves converting standardized seed words into a corresponding numbered index. Exercise caution when making such conversions.

Unboxing The Hodlr One Titanium

The Hodlr One Titanium is shipped in a standard parcel-padded envelope. Inside that is the orange pouch which has only nondescript barcode markings on it.

Inside the orange pouch is a vacuum-sealed clear bag which contains everything needed to secure a Bitcoin seed phrase, except a hammer.

Submit your 2022 Austin Neighborhood Feedback

Inside the clear bag you will find:

  • Security seals
  • One, two or three titanium Hodlr One plates depending on which package you bought
  • One rubber mat to use when stamping
  • One steel center punch
  • One pencil
  • One marker
  • One thank you card
  • Detailed instructions
  • A BIP39 English word index
  • A SLIP39 English word index
  • Blank backup sheet

The Hodlr One Titanium plates measure 61 millimeters wide by 2 millimeters thick and they each weigh 26 grams.

Converting A Seed Phrase To Index Numbers

In this demonstration, a COLDCARD was used to generate a standard BIP39 24-word seed phrase. You can use any wallet of your choice that supports the BIP39 standard. Alternatively, the Hodlr One Titanium supports SLIP39 as well, but instructions for this method are not covered in this demonstration. The Hodlr One Titanium three pack is designed to split a 24-word seed phrase into three pieces where if any two of the pieces are recovered, combined they can recreate the Bitcoin private key and recover the bitcoin.

Careful considerations should be made when deciding to split a seed. For example, there are multiple pieces required to recover bitcoin using this method. This could be a security benefit if one piece is discovered by an adversary, because then they will not have enough information to recover the bitcoin. However, this could also be a drawback because if two pieces are lost, then the bitcoin cannot be recovered.

In the Hodlr instructions, each of the three pieces will receive 16 of the 24 words. The first piece gets words one through 16, the second piece gets words one through 8 and 17 through 24, and the third piece gets words nine through 24. This way, if any two pieces are recovered they contain enough information combined to recover the bitcoin. If an adversary found one of three pieces, they would only have 16 out of 24 words, leaving eight words to be guessed out of 2,048 possible word choices. Using the equation log2 (2,048^8), it can be said that the entropy is 88 bits. If the adversary were to make 100 trillion guesses per second, it would take them 98,000 years to calculate every possible combination of the 88 bits. Although it could be considered a compromise if one piece is discovered, 88 bits of entropy is still relatively secure. But if you do discover that one of your pieces has been compromised, it would behoove you to transfer your bitcoin to a new secure wallet as soon as possible.

  • Next, figure out which words will be stamped into each of the three pieces by using the included recovery sheet.
  • Once you have your 24 words from your wallet, write them down in order on the blank recovery sheet.
  • Keep in mind that only 16 of the 24 words will be written down for each of the three pieces. The eight omitted spaces for each piece are crossed out already on the blank recovery sheet.
  • After writing down the seed words for each of the three pieces, refer to the included BIP39 index sheet to find the corresponding index number.
  • Write each four-digit index number beneath every word on your recovery sheet.
  • You will be stamping this index number into the Hodlr One Titanium plates.

It is worth mentioning that the technical specification for BIP39 calls for the word index to range from 0 to 2,047. However, multiple companies use the range of one to 2,048 in their documentation. This confusion is compounded by the fact that the official BIP39 word lists start on one and end on 2,048, although this is a byproduct of the way GitHub serializes lines in a text (.txt) document, users should be aware that they will derive different values (different bitcoin wallets) if they alternate this index by plus or minus one using an mathematical seed tool like this or this. Be conscientious of the fact that you are using an index range from one to 2,048 here and that upon recovery, just stick to the official BIP39 word list index as it is displayed.

Pre-Marking And Stamping The Hodlr One Titanium

Once you have the index numbers written down on the recovery sheet below each corresponding seed word, you can pre-mark the three Hodlr One Titanium plates with the provided marker.

  • You want to be sure that you are reading the appropriately-numbered section for each word from left to right and top to bottom. In the image below, take number three for example, the index number is “1894” from the Hodlr instructions for the word “uncover.”
  • Continue pre-marking the words according to the written recovery sheet.
  • For word spaces that are omitted, indicate them as intentionally left blank by stamping the dot beneath the corresponding word number toward the center of the plate.
  • In the center of each Hodlr One Titanium plate you will notice two small grids for ID1 and ID2, you can use this to identify multiple plates as belonging to the same seed phrase, like “A1” for example. All three pieces for this seed phrase will share the “A1” identifier.
  • Along the edge of the plate you will notice that you can indicate how many words are in your seed phrase, like “24 words” for example.
  • There is even a place to indicate if you have GPS coordinates to go along with your backups.

On the reverse side of each plate there is an icon that reads “SOT,” and this stands for “share of threshold.” The way this is interpreted is that the outermost circle indicates which number share this plate is. The second circle indicates the total number of shares in the entire backup. And the innermost circle indicates the minimum threshold of shares required to recover the bitcoin. For example, since this is a three-part backup, the outermost circle will be stamped “1,” “2” and “3,” respectively for each plate. Then the second circle will be stamped “3” on each plate because there are three total pieces. Finally, the innermost circle will be stamped “2” on each plate because two pieces at minimum are required for a recovery.

Be sure to double check your work after pre-marking the plates. If you make a mistake, like the example below, you can fix it by using some acetone and a Q-tip to remove the marker and then indicate the correct circle. Word twenty two is “sea” and the corresponding index number is “1,552,” however “1,512” was marked on the plate.

Once you have pre-marked all of your dots on all of your plates, double checked your work and made any necessary corrections, you are ready to start stamping your marks with the included center punch. Safely destroy the paper recovery sheet by burning it. Do not use a different punch than the one that was included with the Holdr One Titanium kit. This center punch is the appropriate size for the available space on the plates.

  • Place the plate in the included rubber mat before hammering
  • Use a solid surface like a concrete floor
  • Use a heavy hammer to get a solid punch
  • Make each strike count and avoid attempting to strike the same dot twice

Once stamped, you should have clear, well-defined markings that are now a permanent part of the plate.

Security Seals

The objective of the security seal is to obfuscate the stamped markings on both sides of the plate while providing a way to indicate if the markings have been revealed. This is accomplished with tamper-evident security seals that are applied to both sides of each plate.

Each security seal has a unique serial number on it so that you can make note of exactly which security seal you used to obfuscate your plates.

Submit your 2022 Austin Neighborhood Feedback

If anyone attempts to remove the security seals, they will reveal the words “VOID” and “OPEN.”

Periodically check your backups and immediately recover and move your funds to a new secure wallet if you discover that one of your plates has been tampered with.

Fire Test And Recovery

Titanium has a melting point of 1,668°C which is roughly 250°C higher than stainless steel and roughly twice as high as the average house fire. Titanium is also highly resistive to corrosion and has been used widely in the aerospace and pressure vessel industries for the last 70 years. These attributes make it a superior medium to secure your Bitcoin seed phrase.

Here is a video of a fire test bringing the three Hodlr One Titanium plates up to melting point to ensure that the information they contained would be recoverable:

The information contained in the Hodlr One Titanium plates was 100% recoverable. There was a flaky, yellow/white material left behind after the fire test which was cleared off using a brass-bristle brush. Then the numbers stamped in each plate were transcribed onto a piece of paper and then converted back to the corresponding words using the one through 2,048 indexed BIP39 English word list.


The Hodlr One Titanium is a robust Bitcoin backup medium that is simple to use and easy to conceal. There are clever ways to stamp many details about your backup, like how many words it has in total, how many shares your entire backup contains, how many of those shares are required for a recovery, and even if there are accompanying GPS coordinates. Anytime there is a conversion involved between seed words and index numbers, use caution. Check out the Hodlr Swiss website to learn more about its products or follow it on Twitter.

This is a guest post by Econoalchemist. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

Read More

Submit your 2022 Austin Neighborhood Feedback
Continue Reading
Click to comment


El Salvador Takes First Step To Issue Bitcoin Volcano Bonds

Avatar photo



El Salvador Takes First Step To Issue Bitcoin Volcano Bonds

El Salvador’s Minister of the Economy Maria Luisa Hayem Brevé submitted a digital assets issuance bill to the country’s legislative assembly, paving the way for the launch of its bitcoin-backed “volcano” bonds.

First announced one year ago today, the pioneering initiative seeks to attract capital and investors to El Salvador. It was revealed at the time the plans to issue $1 billion in bonds on the Liquid Network, a federated Bitcoin sidechain, with the proceedings of the bonds being split between a $500 million direct allocation to bitcoin and an investment of the same amount in building out energy and bitcoin mining infrastructure in the region.

A sidechain is an independent blockchain that runs parallel to another blockchain, allowing for tokens from that blockchain to be used securely in the sidechain while abiding by a different set of rules, performance requirements, and security mechanisms. Liquid is a sidechain of Bitcoin that allows bitcoin to flow between the Liquid and Bitcoin networks with a two-way peg. A representation of bitcoin used in the Liquid network is referred to as L-BTC. Its verifiably equivalent amount of BTC is managed and secured by the network’s members, called functionaries.

“Digital securities law will enable El Salvador to be the financial center of central and south America,” wrote Paolo Ardoino, CTO of cryptocurrency exchange Bitfinex, on Twitter.

Bitfinex is set to be granted a license in order to be able to process and list the bond issuance in El Salvador.

The bonds will pay a 6.5% yield and enable fast-tracked citizenship for investors. The government will share half the additional gains with investors as a Bitcoin Dividend once the original $500 million has been monetized. These dividends will be dispersed annually using Blockstream’s asset management platform.

The act of submitting the bill, which was hinted at earlier this year, kickstarts the first major milestone before the bonds can see the light of day. The next is getting it approved, which is expected to happen before Christmas, a source close to President Nayib Bukele told Bitcoin Magazine. The bill was submitted on November 17 and presented to the country’s Congress today. It is embedded in full below.

Read More

Submit your 2022 Austin Neighborhood Feedback

Continue Reading


How I’ll Talk To Family Members About Bitcoin This Thanksgiving

Avatar photo



How I’ll Talk To Family Members About Bitcoin This Thanksgiving

This is an opinion editorial by Joakim Book, a Research Fellow at the American Institute for Economic Research, contributor and copy editor for Bitcoin Magazine and a writer on all things money and financial history.

I don’t.

That’s it. That’s the article.

In all sincerity, that is the full message: Just don’t do it. It’s not worth it.

You’re not an excited teenager anymore, in desperate need of bragging credits or trying out your newfound wisdom. You’re not a preaching priestess with lost souls to save right before some imminent arrival of the day of reckoning. We have time.

Instead: just leave people alone. Seriously. They came to Thanksgiving dinner to relax and rejoice with family, laugh, tell stories and zone out for a day — not to be ambushed with what to them will sound like a deranged rant in some obscure topic they couldn’t care less about. Even if it’s the monetary system, which nobody understands anyway.

Get real.

If you’re not convinced of this Dale Carnegie-esque social approach, and you still naively think that your meager words in between bites can change anybody’s view on anything, here are some more serious reasons for why you don’t talk to friends and family about Bitcoin the protocol — but most certainly not bitcoin, the asset:

Submit your 2022 Austin Neighborhood Feedback
  • Your family and friends don’t want to hear it. Move on.
  • For op-sec reasons, you don’t want to draw unnecessary attention to the fact that you probably have a decent bitcoin stack. Hopefully, family and close friends should be safe enough to confide in, but people talk and that gossip can only hurt you.
  • People find bitcoin interesting only when they’re ready to; everyone gets the price they deserve. Like Gigi says in “21 Lessons:”

“Bitcoin will be understood by you as soon as you are ready, and I also believe that the first fractions of a bitcoin will find you as soon as you are ready to receive them. In essence, everyone will get ₿itcoin at exactly the right time.”

It’s highly unlikely that your uncle or mother-in-law just happens to be at that stage, just when you’re about to sit down for dinner.

  • Unless you can claim youth, old age or extreme poverty, there are very few people who genuinely haven’t heard of bitcoin. That means your evangelizing wouldn’t be preaching to lost, ignorant souls ready to be saved but the tired, huddled and jaded masses who could care less about the discovery that will change their societies more than the internal combustion engine, internet and Big Government combined. Big deal.
  • What is the case, however, is that everyone in your prospective audience has already had a couple of touchpoints and rejected bitcoin for this or that standard FUD. It’s a scam; seems weird; it’s dead; let’s trust the central bankers, who have our best interest at heart.
    No amount of FUD busting changes that impression, because nobody holds uninformed and fringe convictions for rational reasons, reasons that can be flipped by your enthusiastic arguments in-between wiping off cranberry sauce and grabbing another turkey slice.
  • It really is bad form to talk about money — and bitcoin is the best money there is. Be classy.

Now, I’m not saying to never ever talk about Bitcoin. We love to talk Bitcoin — that’s why we go to meetups, join Twitter Spaces, write, code, run nodes, listen to podcasts, attend conferences. People there get something about this monetary rebellion and have opted in to be part of it. Your unsuspecting family members have not; ambushing them with the wonders of multisig, the magically fast Lightning transactions or how they too really need to get on this hype train, like, yesterday, is unlikely to go down well.

However, if in the post-dinner lull on the porch someone comes to you one-on-one, whisky in hand and of an inquisitive mind, that’s a very different story. That’s personal rather than public, and it’s without the time constraints that so usually trouble us. It involves clarifying questions or doubts for somebody who is both expressively curious about the topic and available for the talk. That’s rare — cherish it, and nurture it.

Last year I wrote something about the proper role of political conversations in social settings. Since November was also election month, it’s appropriate to cite here:

“Politics, I’m starting to believe, best belongs in the closet — rebranded and brought out for the specific occasion. Or perhaps the bedroom, with those you most trust, love, and respect. Not in public, not with strangers, not with friends, and most certainly not with other people in your community. Purge it from your being as much as you possibly could, and refuse to let political issues invade the areas of our lives that we cherish; politics and political disagreements don’t belong there, and our lives are too important to let them be ruled by (mostly contrived) political disagreements.”

If anything, those words seem more true today than they even did then. And I posit to you that the same applies for bitcoin.

Everyone has some sort of impression or opinion of bitcoin — and most of them are plain wrong. But there’s nothing people love more than a savior in white armor, riding in to dispel their errors about some thing they are freshly out of fucks for. Just like politics, nobody really cares.

Leave them alone. They will find bitcoin in their own time, just like all of us did.

This is a guest post by Joakim Book. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

Read More

Submit your 2022 Austin Neighborhood Feedback
Continue Reading


RGB Magic: Client-Side Contracts On Bitcoin

Avatar photo



RGB Magic: Client-Side Contracts On Bitcoin

This is an opinion editorial by Federico Tenga, a long time contributor to Bitcoin projects with experience as start-up founder, consultant and educator.

The term “smart contracts” predates the invention of the blockchain and Bitcoin itself. Its first mention is in a 1994 article by Nick Szabo, who defined smart contracts as a “computerized transaction protocol that executes the terms of a contract.” While by this definition Bitcoin, thanks to its scripting language, supported smart contracts from the very first block, the term was popularized only later by Ethereum promoters, who twisted the original definition as “code that is redundantly executed by all nodes in a global consensus network”

While delegating code execution to a global consensus network has advantages (e.g. it is easy to deploy unowed contracts, such as the popularly automated market makers), this design has one major flaw: lack of scalability (and privacy). If every node in a network must redundantly run the same code, the amount of code that can actually be executed without excessively increasing the cost of running a node (and thus preserving decentralization) remains scarce, meaning that only a small number of contracts can be executed.

But what if we could design a system where the terms of the contract are executed and validated only by the parties involved, rather than by all members of the network? Let us imagine the example of a company that wants to issue shares. Instead of publishing the issuance contract publicly on a global ledger and using that ledger to track all future transfers of ownership, it could simply issue the shares privately and pass to the buyers the right to further transfer them. Then, the right to transfer ownership can be passed on to each new owner as if it were an amendment to the original issuance contract. In this way, each owner can independently verify that the shares he or she received are genuine by reading the original contract and validating that all the history of amendments that moved the shares conform to the rules set forth in the original contract.

This is actually nothing new, it is indeed the same mechanism that was used to transfer property before public registers became popular. In the U.K., for example, it was not compulsory to register a property when its ownership was transferred until the ‘90s. This means that still today over 15% of land in England and Wales is unregistered. If you are buying an unregistered property, instead of checking on a registry if the seller is the true owner, you would have to verify an unbroken chain of ownership going back at least 15 years (a period considered long enough to assume that the seller has sufficient title to the property). In doing so, you must ensure that any transfer of ownership has been carried out correctly and that any mortgages used for previous transactions have been paid off in full. This model has the advantage of improved privacy over ownership, and you do not have to rely on the maintainer of the public land register. On the other hand, it makes the verification of the seller’s ownership much more complicated for the buyer.

Title deed of unregistered real estate propriety

Source: Title deed of unregistered real estate propriety

How can the transfer of unregistered properties be improved? First of all, by making it a digitized process. If there is code that can be run by a computer to verify that all the history of ownership transfers is in compliance with the original contract rules, buying and selling becomes much faster and cheaper.

Secondly, to avoid the risk of the seller double-spending their asset, a system of proof of publication must be implemented. For example, we could implement a rule that every transfer of ownership must be committed on a predefined spot of a well-known newspaper (e.g. put the hash of the transfer of ownership in the upper-right corner of the first page of the New York Times). Since you cannot place the hash of a transfer in the same place twice, this prevents double-spending attempts. However, using a famous newspaper for this purpose has some disadvantages:

  1. You have to buy a lot of newspapers for the verification process. Not very practical.
  2. Each contract needs its own space in the newspaper. Not very scalable.
  3. The newspaper editor can easily censor or, even worse, simulate double-spending by putting a random hash in your slot, making any potential buyer of your asset think it has been sold before, and discouraging them from buying it. Not very trustless.

For these reasons, a better place to post proof of ownership transfers needs to be found. And what better option than the Bitcoin blockchain, an already established trusted public ledger with strong incentives to keep it censorship-resistant and decentralized?

If we use Bitcoin, we should not specify a fixed place in the block where the commitment to transfer ownership must occur (e.g. in the first transaction) because, just like with the editor of the New York Times, the miner could mess with it. A better approach is to place the commitment in a predefined Bitcoin transaction, more specifically in a transaction that originates from an unspent transaction output (UTXO) to which the ownership of the asset to be issued is linked. The link between an asset and a bitcoin UTXO can occur either in the contract that issues the asset or in a subsequent transfer of ownership, each time making the target UTXO the controller of the transferred asset. In this way, we have clearly defined where the obligation to transfer ownership should be (i.e in the Bitcoin transaction originating from a particular UTXO). Anyone running a Bitcoin node can independently verify the commitments and neither the miners nor any other entity are able to censor or interfere with the asset transfer in any way.

Submit your 2022 Austin Neighborhood Feedback
transfer of ownership of utxo

Since on the Bitcoin blockchain we only publish a commitment of an ownership transfer, not the content of the transfer itself, the seller needs a dedicated communication channel to provide the buyer with all the proofs that the ownership transfer is valid. This could be done in a number of ways, potentially even by printing out the proofs and shipping them with a carrier pigeon, which, while a bit impractical, would still do the job. But the best option to avoid the censorship and privacy violations is establish a direct peer-to-peer encrypted communication, which compared to the pigeons also has the advantage of being easy to integrate with a software to verify the proofs received from the counterparty.

This model just described for client-side validated contracts and ownership transfers is exactly what has been implemented with the RGB protocol. With RGB, it is possible to create a contract that defines rights, assigns them to one or more existing bitcoin UTXO and specifies how their ownership can be transferred. The contract can be created starting from a template, called a “schema,” in which the creator of the contract only adjusts the parameters and ownership rights, as is done with traditional legal contracts. Currently, there are two types of schemas in RGB: one for issuing fungible tokens (RGB20) and a second for issuing collectibles (RGB21), but in the future, more schemas can be developed by anyone in a permissionless fashion without requiring changes at the protocol level.

To use a more practical example, an issuer of fungible assets (e.g. company shares, stablecoins, etc.) can use the RGB20 schema template and create a contract defining how many tokens it will issue, the name of the asset and some additional metadata associated with it. It can then define which bitcoin UTXO has the right to transfer ownership of the created tokens and assign other rights to other UTXOs, such as the right to make a secondary issuance or to renominate the asset. Each client receiving tokens created by this contract will be able to verify the content of the Genesis contract and validate that any transfer of ownership in the history of the token received has complied with the rules set out therein.

So what can we do with RGB in practice today? First and foremost, it enables the issuance and the transfer of tokenized assets with better scalability and privacy compared to any existing alternative. On the privacy side, RGB benefits from the fact that all transfer-related data is kept client-side, so a blockchain observer cannot extract any information about the user’s financial activities (it is not even possible to distinguish a bitcoin transaction containing an RGB commitment from a regular one), moreover, the receiver shares with the sender only blinded UTXO (i. e. the hash of the concatenation between the UTXO in which she wish to receive the assets and a random number) instead of the UTXO itself, so it is not possible for the payer to monitor future activities of the receiver. To further increase the privacy of users, RGB also adopts the bulletproof cryptographic mechanism to hide the amounts in the history of asset transfers, so that even future owners of assets have an obfuscated view of the financial behavior of previous holders.

In terms of scalability, RGB offers some advantages as well. First of all, most of the data is kept off-chain, as the blockchain is only used as a commitment layer, reducing the fees that need to be paid and meaning that each client only validates the transfers it is interested in instead of all the activity of a global network. Since an RGB transfer still requires a Bitcoin transaction, the fee saving may seem minimal, but when you start introducing transaction batching they can quickly become massive. Indeed, it is possible to transfer all the tokens (or, more generally, “rights”) associated with a UTXO towards an arbitrary amount of recipients with a single commitment in a single bitcoin transaction. Let’s assume you are a service provider making payouts to several users at once. With RGB, you can commit in a single Bitcoin transaction thousands of transfers to thousands of users requesting different types of assets, making the marginal cost of each single payout absolutely negligible.

Another fee-saving mechanism for issuers of low value assets is that in RGB the issuance of an asset does not require paying fees. This happens because the creation of an issuance contract does not need to be committed on the blockchain. A contract simply defines to which already existing UTXO the newly issued assets will be allocated to. So if you are an artist interested in creating collectible tokens, you can issue as many as you want for free and then only pay the bitcoin transaction fee when a buyer shows up and requests the token to be assigned to their UTXO.

Furthermore, because RGB is built on top of bitcoin transactions, it is also compatible with the Lightning Network. While it is not yet implemented at the time of writing, it will be possible to create asset-specific Lightning channels and route payments through them, similar to how it works with normal Lightning transactions.


RGB is a groundbreaking innovation that opens up to new use cases using a completely new paradigm, but which tools are available to use it? If you want to experiment with the core of the technology itself, you should directly try out the RGB node. If you want to build applications on top of RGB without having to deep dive into the complexity of the protocol, you can use the rgb-lib library, which provides a simple interface for developers. If you just want to try to issue and transfer assets, you can play with Iris Wallet for Android, whose code is also open source on GitHub. If you just want to learn more about RGB you can check out this list of resources.

This is a guest post by Federico Tenga. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

Read More

Submit your 2022 Austin Neighborhood Feedback

Continue Reading