What is Rootstock?

What is Rootstock?

Rootstock or RSK is the first platform for open source smart contracting that rewards developers by extracting mergers and allows them to effectively participate in intelligent contract revolutions.

The RSK's goal is to increase the value and efficiency of the bitcoin ecosystem by making it possible to build smart layouts and instantaneous payments and more scalability.

The project is designed to follow the following principles:
Along with Bitcoin
Due to their trust in the group and their interest in the Bitcoin community, they are trying to keep pace with the leading people in Bitcoin. The website of the project writes that the RSK will meet the technical needs so that all the power and potential of Bitcoin can be used and able to grow.
Since the RSK does not produce Quinny and does not have pre-extracted Quinn, it does not compete with Bitcoin. The platform uses Bitcoin as its local currency. A 2Way Peg between the Blockacin Bitcoin and the RSK Blockchin ensures a constant connection between the two. (Each 1 SBTC is equivalent to 1 BTC)

2Way Peg
2Way Peg is a method commonly used to convert BTC to SBTC or vice versa. When the BTC is converted to SBTC, in fact, no currency is exchanged between blockshocks. No transaction does not do this. This is because Bitcoin can not validate the account in another block. When the user wants to convert the BTC to the SBTC, the BTC will be "locked" in the bitcoin blockkit and, to the same extent, the SBTC will be released in the RSK BlockConnection (it will be unlocked). Once the SBTC wants to turn into a BTC, the SBTC is locked again in the RSK BlockChink and the same amount is released by the BTC in Blockkin Bitcoin. A security protocol ensures that the same bitcoin can never be released at the same time in both blocks.

Security
RSK BlockChin Security is provided through the integration of extraction, which means that the RSK can have the same bitcoin security in terms of preventing double spending and other things.
RSK BlockChin uses a SHA256D proof of proof. This will allow Bitcoin extractors to simultaneously and with the same hardware they have in both extraction chains, without compromising the bitcoin extraction efficiency.
But the question is, why could the bitcoin extractors want to extract the RSK chain? The mining extraction function allows Bitcoin extractors to extract extra chains at no additional cost. This makes it possible to earn more money in terms of fees and can also engage in smart contract business.

Scalability
The RSK in its present state can be much more scalable than Bitcoin. The RSK can manage as much as 100 transactions per second (equivalent to the current Paypal level).
The ultimate goal of the RSK in the negotiation of transactions is to reach 200,000 transactions per second using its Lumino technology, which is a second layer that will be deployed on the next release of the RSK.

Instant payments
Since the creation of Bitcoin, there has been competition for quicker transaction approvals. Instant and quick payments can create new uses such as buying from retailers or performing online transactions. RSK use of new parameters and protocols (such as DECOR + GHOST) allows one block to be generated on an average every 10 seconds.

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