Bitlight Labs launched the RGB protocol on Bitcoin mainnet at 1:00 AM on August 7, enabling test coin distribution and detailed token redemption instructions amid community FUD and extensive protocol documentation.
The RGB protocol, a Bitcoin scaling solution two years in the making, launched on the Bitcoin mainnet with a test coin rollout via a faucet. The process involves creating a Bitlight wallet, a UTXO container, and claiming limited test tokens—only 50 per claim—from a total supply of 21 million. Initial public offering progress is below 20%, and fee charges totaling about $1.68 million have sparked FUD among participants.