What is Rootstock (RIF)?
Rootstock (RIF) is a smart contract platform built as a Bitcoin sidechain. It aims to bring Ethereum-compatible smart contracts to the Bitcoin network, enabling decentralized applications (dApps) and DeFi functionality while benefiting from Bitcoin’s security and decentralization.
Here’s a breakdown of key concepts:
Rootstock (RSK): The blockchain platform itself, which is merge-mined with Bitcoin to ensure high security.
RIF (RSK Infrastructure Framework): A suite of open-source protocols that run on RSK. It includes tools for payments, identity, storage, and communications.
RIF Token: The native utility token used to pay for services within the RIF ecosystem.
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