RSK plans to launch the Internet of Value cryptocurrency in an ICO with which it aspires to become the Bitcoin ConsenSys

in #bitcoin6 years ago

Madrid.- The Argentine company RSK Labs, whose founders have worked since 2014 on the RootStock project, a bitcoin side chain built on its blockchain, plans to launch the IOV (Internet of Value) cryptocurrency shortly through an ICO. With this operation, the members of the company behind the RootStock project aspire to become the Bitcoin ConsenSys, the software company specializing in exploring Ethereum technology and place of worship of philoethereums. Sources close to the company told CriptoNoticias that the pre launch of the ICO is already sold.

RSK Labs started in 2015, the same year as ConsenSys, and, like the New Yorker did with the Ethereum network, Argentina works hard to become the liturgy site for Bitcoin's kids. On January 8, coinciding with the ninth anniversary of the genesis block of the Bitcoin network, RSK announced the launch of its open source beta network, which its founders refer to as the first intelligent contract platform promoted by the Bitcoin network. The circumstance occurs that at present, although they are in the main network, it is only possible to access by invitation.

RSK aims to create a kind of Ethereum on top of Bitcoin

In the entry published on its website, RSK claimed that its platform will attract a billion people to the financial system, laying the foundations to build a new era of value internet, which will allow people to control their identity and their digital assets. "This will allow people to send securities without intermediaries, creating a more just and secure financial system."

Sources linked to the platform told CriptoNoticias that the RSK platform works as a side chain to Bitcoin, secured through combined mining (BTC + RSK) and federated nodes, which are manually chosen nodes with special signatures to make changes in the network RSK This platform allows to make smart intelligent contracts through the use of "Intelligent Bitcoins", denominated SBTC, and which are obtained by sending BTC to a multiform portfolio shared with the RSK Federation. Once there, they are blocked and exchanged in the same amount by SBTC. This operation is performed in the RSK network. Upon completion of network operation, users can return to Bitcoin by blocking the RSK SBTCs in the multiform portfolio and obtaining the same amount of BTC.

Although no details of the operation have yet been released, all the messages launched in the last public speeches by Diego Gutiérrez Zaldivar, CEO of the company, make reference to the need to work in community to build the Internet of Value through the Bitcoin network.

In an opinion piece published last December 28 in Portinos, an Argentine online publication specialized in technology, Gutiérrez spoke of Bitcoin's decentralized infrastructure as the cornerstone of the Internet of Value. "It is nothing more or less than the transfer of assets through the Internet, without intermediaries, in a fully decentralized and digital," he explained.

To account for the potential of the blockchain technology, the CEO of RSK alluded to that in Latin America around 60 percent of the population is not banked. According to data from the World Bank, by 2020 more than one billion people excluded from the system will have a Smartphone. According to Gutiérrez, a smartphone can help a person access financial services because the immutability of the blockchain technology allows the creation of identities based on reputation.

Gutiérrez, known on Twitter as @Dieguito, concluded his article saying that the Internet of value is getting closer and that in RSK they are working on the construction of a network that will make possible that change of paradigm. In the Bitcoin Conference held last weekend in Miami, the CEO of RSK again pulled subliminal messages and projected on a wall a graph with the service layer of a cryptocurrency called Internet of Value (IOV).

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