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Cryptocurrency News Articles

Goldinals: The Gold Standard for Bitcoin Assets

Jan 06, 2025 at 03:04 pm

Riema Labs Inc. (Nubit) introduces Goldinals, a Bitcoin-native token protocol designed to unify fragmented asset standards, enable programmability, and bring trustless innovation to Bitcoin.

Goldinals: The Gold Standard for Bitcoin Assets

Riema Labs Inc. (Nubit) Introduces Goldinals, a Bitcoin-Native Token Protocol Unifying Fragmented Standards

Bitcoin’s growing ecosystem has seen the rise of various meta-protocols like BRC-20, Ordinals, and Runes, creating a fragmented and often inefficient environment for digital assets. Riema Labs Inc. (Nubit), a pioneer in Bitcoin-native infrastructure, has unveiled Goldinals, a unified protocol for Bitcoin assets, promising to unify these protocols and bring advanced programmability to Bitcoin, all while adhering to Bitcoin's core principles of security and decentralization.

What Is Goldinals?

Goldinals is a unified protocol for Bitcoin assets, aiming to streamline and enhance the ecosystem for digital assets on Bitcoin. Bitcoin's unmatched security has solidified its dominance, but its lack of global state and native programmability has limited its utility for asset issuance. Protocols like BRC-20 and Ordinals work around this limitation but introduce new inefficiencies and trust issues by relying on off-chain indexers for state management. CAT and other protocols require changes to Bitcoin's consensus rules, making widespread adoption impractical.

Goldinals solves these problems by unifying Bitcoin's asset ecosystem into a single standard that combines compatibility, security, cost-efficiency, and scalability. Key features include:

An ERC-20-inspired API (Deploy, Mint, Transfer, and Burn) for intuitive development of scalable applications.

Direct on-chain validation of all operations for a seamless, secure, and unified user experience.

Unifying Bitcoin's Asset Ecosystem

Goldinals creates an environment where wallets, exchanges, and developers can operate without fragmentation, turning Bitcoin into a cohesive platform for decentralized finance (DeFi), token issuance, and programmable assets, ultimately driving adoption and innovation across the network.

As the gold standard for fungible tokens on Bitcoin, Goldinals enables applications and assets that were previously unimaginable on Bitcoin, from trustless crowdsales to DeFi protocols, paving the way for Bitcoin to become the ultimate platform for decentralized innovation.

To learn more about Goldinals and explore the full research, check out the detailed whitepaper here: https://www.nubit.org/Goldinals.pdf

About Riema Labs Inc. (Nubit)

Building the Trustless World Computer for Bitcoin. Founded by UCSB professor Yu Feng, Riema Labs Inc. (Nubit) is building the Trustless World Computer for Bitcoin, enabling open scaling through Bitcoin-native technology. Riema Labs Inc. (Nubit) lets developers build any native application, onboarding the world to Bitcoin. Backed by Polychain.

X (Twitter): https://x.com/Nubit_org

Linktree: https://linktr.ee/Nubit_org

Company Name: Riema Labs Inc.

Contact Person: Xavier Teh

Contact Email: Xavier@riema.xyz

Website Link: https://www.nubit.org/

Company Logo: Riema Branding Resources

News source:www.itnewsonline.com

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