Nubit has introduced Goldinals, a unified token protocol for every Bitcoin native asset, as well as Meta Protocols. The token protocol claims to build a “trustless world computer for Bitcoin,” offering solutions that address limitations in programmability, data availability and asset creation.
In an X post on January 10, Nubit announced:
Today, Bitcoin has 100+ asset protocols—fragmented, inefficient, and isolated. Every new feature requires building a new protocol from scratch. However, Goldinals changes everything.
~Nubit
Goldinals is developed on BitVM and already works well with BRC-20, Runes and Ordinals
According to Nubit, the new token protocol, Goldinals, is fully compatible with experimental token standard BRC-20 and the fungible token Runes. The token protocol is also built on BitVM, a system intended to execute complex computations and smart contracts on the BTC network.
In a series of X posts, the company insisted that Goldinals is fast, secure, reliable, and fully decentralized, claiming it could help streamline the very fragmented BTC ecosystem. It added that the Bitcoin protocol can now hasten development time, working ten times faster.
Moreover, Nubit argued that the protocol is programmable and interoperable and hence will address all the inefficiencies that come with Bitcoin’s ecosystem fragmentation.
Developers can also specify token attributes such as supply limits or transfer rules using smart contract-style logic. All transactions are also verifiable directly on the BTC blockchain.
Furthermore, Goldinals will utilize zero-knowledge (ZK) proofs for on-chain validation. ZK proofs will help the protocol to trace and identify invalid transactions on the Bitcoin network, reducing the need for third-party verification.
Nubit aims to revolutionize Bitcoin with programmability and trustless computing
Nubit co-founder Hanzhi has maintained that the firm will prioritise programmability, arguing that Bitcoin needs “real programmability, not duct-taped chaos.” He added that with reliable foundations and standards, the Bitcoin ecosystem will evolve into a space of interoperable, win-win innovation.
Nubit is also developing a compiler to convert user-friendly code into optimized BTC scripts, with formal verification to validate each program’s integrity.
Additionally, the firm will continue to develop BitVM to operate Turing-complete programs on Bitcoin. The company still expects to complete the establishment of a Trustless World Computer for BTC, with support from Polychain.
Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed