The firm Fulgur Ventures announced that it will grant a scholarship to the Venezuelan engineer Francisco Calderón to be part of the development team of the RGB sidechain, an open source project that seeks to facilitate smart contracts in bitcoin.

This fact represents the first time that a Venezuelan is part of a work team within the bitcoin network, according to public records in this regard.

RGB is a protocol that allows, for example, to issue non-fungible tokens (NFT), based on the Lightning network, bitcoin’s second layer solution.

The developer assured that these types of projects go in the direction that he believes is the correct one, in terms of the goal of having functional smart contracts in Bitcoin, without sacrificing the integrity of the main network of this protocol.

“If we are going to have smart contracts, it is better that they are off-chain and that the blockchain only serves to validate. That is the path we plan to follow, what we are working on. Much remains to be done but the idea is to have smart contracts in bitcoin in the Full Turing language: that the scripts are run elsewhere and that they are validated by the Bitcoin blockchain.”

K. Tovar

With information from Agencies

La entrada Venezuelan engineer was awarded a scholarship to work on a bitcoin network apareció primero en Bitfinance.