Introducing a new model for global digital asset value exchange
The RIGO Project officially launched its mainnet on the 4th (Korean time) and successfully created the genesis block (the first record registered on the blockchain), as announced through its official account.
The RIGO Project explained, "After releasing the testnet in August and continuing to update, we have completed the sophisticated work required for mainnet stability verification, and this laid the foundation for the successful launch of the mainnet."
The information released recently includes the operational environment factors and related systems necessary to record and verify the issuance and transaction details of real digital assets for the RIGO mainnet to function as a public blockchain platform.
Likewise, it includes information that various participants such as RIGO users, developers, validators, and delegators can participate in the network and run blockchain-based services and applications.
The RIGO mainnet is based on the Tendermint consensus mechanism, which combines PBFT (Practical Byzantine Fault Tolerance) and DPoS (Delegated Proof of Stake) and supports parallel execution of transactions.
In particular, it uses EVM (Ethereum Virtual Machine)-based smart contract technology to execute DApps with a fast transaction processing mechanism, allowing interaction with distributed data through the RIGO network.
Furthermore, a dedicated bridge system is provided to connect private blockchain-based digital assets with the RIGO public chain. By utilizing the bridge system, users can experience an exchange system for various forms of digital assets in addition to general utility tokens, including NFT, Stable Tokens, Security Tokens, and so on.
The RIGO team disclosed their goal to establish a new standard for the exchange of global digital assets based on the initial mainnet model released recently, citing the rapid growth RWA(Real World Asset) market, which has recently attracted attention and the asset issuance that based on private chains.
In line with this, they plan to gradually unveil private chain integration cases based on the RIGO network, expanding it as a significant event leading the mega-trend in the global digital asset market.
Additionally, they anticipate that the global digital asset market will be formed around the infrastructure of private chains that are interconnected with various forms of real assets. The company is confident in the potential success of the RIGO Project, as the emergence of RWAs is predicted to lead the market's growth.
An official of the RIGO team mentioned, "RIGO has connected private blockchain and public blockchain to address the strong independence and limited accessibility of private blockchains," adding, "We are planning to present many cases where digital assets issued based on private chains are strongly connected and proven in value through the RIGO mainnet."
They also added, "We will support the liquidity of various digital assets," adding, "Through active community engagement, we will provide a wealth of information to ecosystem participants and offer a developer-friendly environment.