Description
Rootstock (RSK) is an innovative smart contract platform operating as a Bitcoin blockchain sidechain, leveraging a 2-way peg to facilitate direct Bitcoin transactions onto its platform for executing smart contracts and using decentralized applications (DApps). Aiming to enhance Bitcoin's functionality, RSK enables near-instant payments, supports higher transaction throughput, and promotes financial inclusion by bridging traditional finance with decentralized finance (DeFi). Security is paramount, with RSK employing a merge-mining mechanism to allow Bitcoin miners to mine both Bitcoin and RSK blocks concurrently, ensuring robust protection against double-spending and achieving settlement finality at a level on par with Bitcoin's. Emphasizing scalability, RSK has the capacity to manage up to 100 transactions per second—comparable to PayPal—without compromising on decentralization, by adopting probabilistic verification, fraud proofs, and blockchain sharding techniques. RSK positions itself as an addition to the Bitcoin ecosystem, providing smart contract capabilities without generating speculative value and thus not competing with Bitcoin. With a commitment to sustainability and ...
Rootstock (RSK) is an innovative smart contract platform operating as a Bitcoin blockchain sidechain, leveraging a 2-way peg to facilitate direct Bitcoin transactions onto its platform for executing smart contracts and using decentralized applications (DApps). Aiming to enhance Bitcoin's functionality, RSK enables near-instant payments, supports higher transaction throughput, and promotes financial inclusion by bridging traditional finance with decentralized finance (DeFi). Security is paramount, with RSK employing a merge-mining mechanism to allow Bitcoin miners to mine both Bitcoin and RSK blocks concurrently, ensuring robust protection against double-spending and achieving settlement finality at a level on par with Bitcoin's. Emphasizing scalability, RSK has the capacity to manage up to 100 transactions per second—comparable to PayPal—without compromising on decentralization, by adopting probabilistic verification, fraud proofs, and blockchain sharding techniques. RSK positions itself as an addition to the Bitcoin ecosystem, providing smart contract capabilities without generating speculative value and thus not competing with Bitcoin. With a commitment to sustainability and ...
