The Rootstock Sidechain Aiming To Help The Unbanked
Sidechains have been the talk of the town in Bitcoin Land lately, and a few of them are starting to make mainstream media headlines. One organization like the Rootstock team is implementing the Turing capabilities of Ethereum and the power of the Bitcoin blockchain within its framework. With Rootstock, the protocol uses sidechain abilities to integrate 2.0 applications to its user base with Bitcoin as its fuel. Diego Gutierrez Zaldivar, co-founder of Rootstock believes Bitcoin is mature and the ideal currency to use with its system. The team is currently in talks with The World Bank Group....
Related News
Rootstock, a P2P platform based on the block chain that implements smart contracts using the capabilities of Ethereum with the transparency and security of the bitcoin network, is negotiating with the World Bank and some Latin American banks to provide microlending for the unbanked, according to the International Business Times. Rootstock hopes to give banks the means to issue loans from smart contracts. Rootstock combines the capabilities of Ethereum with the bitcoin network's transparency and security by using sidechain technology. Bitcoin serves as the fuel that runs the smart contract.....
By raising $1 million in seed funding, blockchain startup RSK Labs will develop Rootstock, a smart contracts platform that will be deployed as a sidechain on the bitcoin blockchain. In a funding round led by bitcoin mining hardware company Bitmain Technology, RSK Labs has raised $1 million in a successful initial seeding round to develop Rootstock – a smart contracts platform secured by the bitcoin blockchain. The funding round was supported by London-based blockchain investment firm Coinsilium and New York-based bitcoin- and blockchain-investor Digital Currency Group. The first of its....
Sergio Lerner, the well-known blockchain and cryptocurrency security expert who is also part of Rootstock, was present at LaBitConf Mexico yesterday. While at the event, he released the white paper titled RootStock Platform - Bitcoin Powered Smart Contracts. In an interview with a NewsBTC representative, he explains about RootStock, its comparison with Ethereum and Bitcoin, and also its security features. While explaining about the platform, Sergio made it clear that RootStock is not a fork of Ethereum, as many tend to believe. The development of RootStock had begun almost a year before....
The RSK sidechain is the first Bitcoin-based sidechain to be incorporated into Multichain. Multichain, a cross-chain platform, has announced the integration of the Bitcoin-based (BTC) smart contract protocol Rootstock (RSK) blockchain into its ecosystem. This will allow users to exchange Ether (ETH), USD Coin (USDC), Binance USD (BUSD) and other assets between RSK, Ethereum and BNB Chain.According to Monday's announcement, the integration is a major milestone for Multichain because it opens up access to decentralized finance (DeFi) on Bitcoin. This addition will allow users to take....
Blockchain startup RSK Labs has raised $1m in seed funding to support the development of Rootstock, a smart contracts platform that would be developed as a sidechain on the bitcoin blockchain. Bitcoin mining company Bitmain Technology led the round, which also drew support from bitcoin and blockchain focused investment companies Coinsilium and Digital Currency Group (DCG). In an interview, RSK Labs CEO Diego Gutierrez Zaldivar said that the goal of the project was to build a blockchain network that would attract support from both bitcoin miners as well as developers of smart contract....