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Bitlight Labs Secures $9.6 Million to Advance RGB-Lightning Integration

Funding led by Amber Group and Fundamental Labs will support Bitcoin-native stablecoin payment channel development.

BTC

Summary

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Terms & Concepts
  • RGB Protocol: A smart contract system operating on top of Bitcoin and Lightning Network, enabling scalable and private asset issuance and transfer.
  • Lightning Network: A layer-2 payment protocol for Bitcoin that enables fast, low-cost transactions by creating off-chain payment channels.
  • Bitcoin-native Stablecoin Payment Channels: Payment channels on the Bitcoin network that facilitate transactions using stablecoins pegged to fiat currency values.