.bit will become a decentralized identity protocol running on the Bitcoin layer through the RGB++ protocol

ChainCatcher news, the decentralized identity protocol .bit under d.id is preparing for a major technical upgrade to be compatible with the RGB++ protocol, making .bit an asset running on the Bitcoin layer. Currently, .bit already supports the resolution and binding of Bitcoin addresses, enabling the transfer of Bitcoin and RGB++ assets.

RGB++ is an extension protocol based on RGB, which maps Bitcoin UTXOs to Cells on Nervos CKB through isomorphic binding, bringing Turing-complete contract extensions and performance enhancements to Bitcoin without cross-chain requirements and without compromising security.

The .bit team has previously completed a $13 million Series A financing.