Rootstock (RSK) is a smart contract platform built on top of the Bitcoin blockchain, whereas Bitcoin is a decentralized digital currency that operates on its blockchain.
RSK was designed to enable smart contract functionality on the Bitcoin network, allowing developers to build decentralized applications (dApps) and execute complex smart contracts on top of the Bitcoin blockchain. This is achieved through the use of a sidechain, which is a separate blockchain that is pegged to the Bitcoin blockchain, allowing for interoperability between the two.
Unlike Bitcoin, RSK is not a cryptocurrency and is not intended for use as a payment method. All things being equal, it is a background layer that utilizations merged mining to approve transactions extensively quicker. Blocks are confirmed on its chain before being sent to Bitcoin's chain.
RSK makes it possible for developers of Dapps to create their very own DeFi protocols, NFTs, and so on by utilizing the Bitcoin blockchain. Crypto transactions are paid to miners in return for utilizing their equipment to confirm transactions and make new blocks. RSK's innovative system attempts to reduce costs, which have expanded fundamentally starting from the presentation of Bitcoin and Ethereum.
Additionally, Rootstock places a high value on security. For instance, for the system to improve overall security for stakeholders, it uses financial incentives to entice programmers, hackers, and security experts to discover flaws.
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