Rootstock

Rootstock

Created using Figma
Created using Figma
RSK ICO is an open source smart contract platform with interactive binding to Bitcoin and Bitcoin miners can actively participate in the Smart Contract Revolution. The purpose of RSK is to add value and functionality to the Bitcoin ecosystem, including smart contracts, immediate payment, scalability and so on.
Sep 1, 2017
Nov 1, 2017
100% completed
Raised funds - no Data
past
Token Details
Ticker
RSK

About Rootstock

A horizontal, usually underground stem that often sends out roots and shoots from its nodes.

   

RSK is the first open-source smart contract platform with a 2-way peg to Bitcoin that also rewards the Bitcoin miners via merge-mining, allowing them to actively participate in the Smart Contract revolution. RSK goal is to add value and functionality to the Bitcoin ecosystem by enabling smart-contracts, near instant payments and higher-scalability.

 

The project has been conceived with the following principles in mind:

   

Bitcoin Friendly

 

We believe in Bitcoin. We support the Bitcoin community and we want to continue the legacy of Bitcoin´s pioneers. The lack of turing-complete smart-contracts capabilities may become an obstacle to Bitcoin´s growth to it´s full potential. RSKprovides the missing technical needs, as a blockchain with a 2way peg to Bitcoin. As RSK does not mint, nor has pre-mined coins, then it has no speculative value and does not compete with Bitcoin.

   

Security

 

The security of RSK is our main priority. RSK´s blockchain is secured by merge-mining, which means that we can achieve the same security as Bitcoin in terms of double-spend prevention and settlement finality. The 2way peg security will first rely in a federation holding custody of bitcoins, and later switch to an automatic peg, when the community accepts the security trade-offs of the automatic peg.

   

Scalability

 

RSK can scale far beyond Bitcoin in its current state. RSK scales to 100 transaction per second (same level as Paypal) without sacrificing decentralization and reducing storage and bandwidth usage using probabilistic verification and fraud proofs, as well as blockchain sharding techniques.

 

Instant Payments

 

Since the creation of Bitcoin there has been a race for faster transaction confirmations. Instant payments allow new use cases, such as retail store payments, and transactions in online games. RSK carefully chosen parameters and new theoretical protocols (such as DECOR+GHOST) allow creating blocks at 10 seconds average interval, with low stale block rate, and no additional centralization incentives.

Features

RSK platform is, at its core, the combination of:
- A Turing-complete resource-accounted deterministic virtual machine (for smart
contracts)
- A two-way pegged Bitcoin sidechain (for BTC denominated trade)
- A dynamic hybrid merge-mining/federated consensus protocol (for consensus
security), and a low-latency network (for fast payments).

Activity

Followers:
28 629
VERY HIGH
Tweets:
1 083
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Alexa
Rank:
302 694
MEDIUM
Delta:
21 968
Videos:
10
LOW
Subscribers:
955
VERY LOW
Views:
55 917
VERY HIGH
Likes:
455
VERY LOW
Dislikes:
15
VERY HIGH

Team

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Last News

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5.0 18
ICO Profile Vision Activity Potential Product Team

Blocklancer Reviews

MMCrypto
It is likely to be one of the greatest projects in 2018. Nearly everything with this project looks perfect. Unfortunatly they are asking for a too high hardcap. But if a project is allowed to raise so many funds, we would say its Rootstock. We wish all the best for this project - it might be really beneficial for the bitcoin and thus the whole crypto ecosystem.
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OhHeyMatty
81
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Sergio
89%
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Ian Balina
74
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