Explaining RGB Tokens - The Van Wirdum Sjorsnado - The Technical Side of Bitcoin

In this episode of The Van Wirdum Sjorsnado, hosts Aaron van Wirdum and Sjors Provoost are once again joined by Ruben Somsen. The trio discusses RGB tokens, a Layer Two protocol for Bitcoin to support alternative currency and token schemes (like the currently popular non-fungible tokens, or NFTs).

Aaron, Sjors and Ruben explain that the Bitcoin blockchain has been (ab)used by users to host data since the project’s early days. This was initially done through otherwise-useless transaction outputs, which meant that all Bitcoin users had to store this data locally. A feature called OP_RETURN later limited this burden.They also explain that people have been using the Bitcoin blockchain to host alternative currency and token schemes for a long time.

More resources on RGB Tokens: https://youtu.be/PgeqT6ruBWU

For more compelling video content from Bitcoin's original publication, subscribe and turn on notifications for the Bitcoin Magazine YouTube channel.

Join our telegram community: https://t.me/officialbitcoinmagazine

Connect with us on social media and join the conversation:
Twitter: https://twitter.com/BitcoinMagazine
LinkedIn: https://www.linkedin.com/company/bitcoin-magazine/
Twitch: https://www.twitch.tv/bitcoin
Facebook: https://www.facebook.com/BitcoinMagazine

Buy Bitcoin from Bitcoin Magazine with a credit card: https://buy.bitcoinmagazine.com/

Subscribe to our newsletter and receive news and analysis before anyone else: https://bitcoinmagazine.com/subscribe

Listen and subscribe to our podcasts:
Apple: https://podcasts.apple.com/us/podcast/bitcoin-magazine/id1459884105
Spotify: https://open.spotify.com/show/1IxBiqXrUwWUgwiQwKWwxk?si=i1YLDbXySIGGZ1owRdgXtQ
Google: https://podcasts.google.com/feed/aHR0cDovL2JpdGNvaW5tYWdhemluZS5idGMubGlic3lucHJvLmNvbS9yc3M

~

Bitcoin 2021 will be the biggest Bitcoin conference ever! Use promo code SATOSHI for 10% off your ticket: https://b.tc/conference