Binance Learn & Earn Quiz Answers.

What Is Rootstock (RIF)? $RIF

Rootstock is a Bitcoin Layer 2 solution that brings smart contract functionality to Bitcoin, enabling fast, cheap, and scalable decentralized applications.

Question: Which wallets support the Rootstock network and allow you to store RIF and rBTC?

Answer: All of the above.

Question: Which feature allows Rootstock to support Ethereum-compatible smart contracts?

Answer: EVM Compatibility.

Question: How much BTC has already been bridged into Rootstock?

Answer: Over 2500.

Question: Which of these DApps are available on Rootstock today?

Answer: All of the above.

Question: Which blockchain does Rootstock inherit its security from?

Answer: Bitcoin.

Question: What is one thing that staking RIF in the RootstockCollective DAO allows you to do?

Answer: Earn rewards in RIF & BTC.

Question: What is the primary role of the RIF token in the Rootstock ecosystem?

Answer: Scaling Bitcoin DeFi on Rootstock.

Question: What percentage of Bitcoin’s hash power secures Rootstock?

Answer: Over 80%.

Question: What is Rootstock’s native BTC-pegged token called?

Answer: rBTC.

Question: What is the staked version of RIF that is used for governance in RootstockCollective DAO?

Answer: stRIF.