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Tag: RSK

The Growing Defi Market on Bitcoin: What’s Yielding Already?

Source: Adobe/thodonalThe burgeoning decentralized finance (DeFi) market is evolving beyond Ethereum (ETH) and onto other chains. What may be surprising to hear for some: Bitcoin (BTC) is one of them. Read on the learn more about the growing Bitcoin DeFi ecosystem and what kind of yields you can expect to earn on your BTC holdings. DeFi on BitcoinPowered by Bitcoin Layer 2 (L2) smart contract protocols, such as RootStock (RSK) or Stacks, and secured by Bitcoin, Bitcoin-native DeFi apps are emerging with the aim to provide…

RSK Community Call – August 2021

The RSK Ecosystem held its third community call on 19th August 2021. The aim of these community calls is to discuss the RSK Improvement Proposals – RSKIPs. We discussed expanding the emergency multi-sig, peg-out tx fee-bumping, time-lock refresh, bridge UTXOs selection, consolidation, and batching. The Iris v3.0.0 Release: What You Need To Know About RSK’s Upcoming Network Upgrade.

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Smart Contract Platform On Top of Bitcoin

About expanding the emergency multi-sig, peg-out tx fee-bumping, time-lock refresh, bridge UTXOs selection, consolidation, and batching.
by Owanate Amachree, Content Developer, IOV labs.

On 19th August 2021, The RSK Ecosystem held its third community call. The aim of these community calls is to discuss the RSK Improvement Proposals – RSKIPs, get the community involved, gather feedback, discuss the RSK consensus protocol, the formal process for proposing improvements, and the upcoming network upgrades.

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Ethereum vs Bitcoin

The essential difference between ETH and BTC is that in the former you can not only transmit money but also run SC and do DApps. This happens with EVM (Ethereum Virtual Machine), and thanks to the native language of ETH, called Solidity, which is used to write smart contracts and DApps. From there, ETH crypto-currency is used to make these apps and intelligent contracts work.

BTC is developing other tools such as RSK, which is the first open platform for intelligent contracts on BTC, and which remunerates BTC miners by allowing them to participate in the SC revolution. If it works, it could make ETH somewhat less relevant.

The RSK project started as a fork of an Ethereum codebase in 2016 and it was developed for 2 years until it was finally launched in 2018.… Read more...