Rootstock Description

Rootstock stands out as an innovative Bitcoin sidechain that combines the advanced smart contract functionality of Ethereum with the unparalleled security of Bitcoin. Operating as an open-source platform, it utilizes Bitcoin's proof-of-work consensus mechanism, tapping into over 60% of Bitcoin's hashing power through merged mining to ensure its reliability. This synergy allows developers to create EVM-compatible smart contracts, paving the way for decentralized applications that benefit from the strength of Bitcoin's network security. The native currency of Rootstock, known as RBTC, is maintained at a 1:1 peg with Bitcoin, which simplifies interactions with decentralized finance (DeFi) protocols and dApps on the Rootstock ecosystem, facilitating processes like minting, swaps, and the payment of gas fees. Additionally, the PowPeg protocol plays a crucial role in guaranteeing secure and efficient two-way transactions between Bitcoin and Rootstock, significantly improving interoperability between the two networks. Within Rootstock's expanding ecosystem, users can engage in a variety of applications, including swapping and staking through platforms such as Sushi, optimizing yields with Beefy, and trading on Oku, demonstrating the platform's versatility and appeal. As a result, Rootstock offers a comprehensive environment that empowers developers and users alike to harness the full potential of blockchain technology.

Integrations

Reviews

Total
ease
features
design
support

No User Reviews. Be the first to provide a review:

Write a Review

Company Details

Company:
Rootstock
Year Founded:
2018
Website:
rootstock.io

Media

Rootstock Screenshot 1
Recommended Products
The most user-friendly sales commission software for revenue-focused teams Icon
The most user-friendly sales commission software for revenue-focused teams

Everstage is a trusted ICM for public companies and enterprises worldwide-across industries

Rated as #1 sales compensation management software, Everstage helps businesses streamline commission administration, boost sales performance and improve ROI with actionable insights. Top features: No-code plan designer, detailed commission statements, advanced commission forecasting, quota management, queries & approval workflows, deferred commissions (ASC606), BI-powered reporting, and more.
Learn More

Product Details

Platforms
Web-Based
Types of Training
Training Docs
Customer Support
Online Support

Rootstock Features and Options

Rootstock User Reviews

Write a Review
  • Previous
  • Next