What is RSK? What does it mean for Bitcoin?

$RIF

Crypto discussion has been dominated by price, which is unfortunate but understandable. This price focus has allowed scams, price gouging, shills, and a lot of undeserved hype to dominate. Hidden in this crowd is the discussion about what cryptocurrency is really all about – the technology and its potential to change the global financial landscape.

RSK (aka Rootstock) is different, a relatively unheralded project, despite having launched its genesis block a year ago. Firmly believing in the long-term potential of cryptocurrency, the team has focused the majority of their resources on developing the technology, and their achievements to date speak for themselves.

For this article, I spoke with Gabriel Kurman, one of RSK’s co-founders and community director. The following article dives into a variety of topics, from RSK itself to the power of cryptocurrency in Latin America, all stemming from our fascinating and wide-ranging discussion.

First, a quick introduction to RSK. Although they have been hard at work on this project for over four years, this may be the first time you’ve heard of RSK. It’s an open-source smart contract platform built on the Bitcoin network. Think Ethereum, but for Bitcoin. Of course, unlike Ethereum, Bitcoin was not built with smart contracts in mind, which is why RSK is a sidechain that supports smart contract functionality. While RSK does have its own token, RBTC, it is pegged to BTC at a one-to-one ratio.

RSK operates without much publicity, and they admit that PR and marketing are something they have to work on. As their team has been focusing on the technical aspects and working on launching a testnet

Luckily, RSK doesn't need any hype to thrive. Thanks to three rounds of private financing in 2015, 2016, and 2018, RSK has successfully raised a huge amount of 22,000 BTC to meet its long-term funding needs, enough for five to ten years. $BTC #币安用户数突破2亿 $ETH