[ICO Info] Rootstock, a huge signal from the Bitcoin Ecosystem

in cyptocurrency •  7 years ago  (edited)

RSK will solve a lot of shortcomings of bitcoin while protecting the intrinsic value of bitcoin

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.

Bitcoin Friendly

RSK support the Bitcoin community and want to continue the legacy of Bitcoin´s pioneers.
RSK provides the missing technical needs, as a blockchain with a 2way peg to Bitcoin.

Security

The security of RSK is their 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.


(from Rootstock website)

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Sounds great thanks

Thanks

When is ICO ? Any good news?

Not yet fixed but it will soon

Thanks

Well, this sounds great, didn't know about it at all. Thanks for the information. Very informative post, thanks , upvoted :)

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Good information. Thanks

Thank you

awesome content i was just looking for something like this thanks alot bro <3

I am glad to hear that

Wow! Great news!

Thank you

Sounds great. I hope to see this in action soon.

I agree with you