Rootstock (RSK) is a smart contract platform that is built on the Bitcoin blockchain. It aims to bring the functionality of smart contracts to Bitcoin, which traditionally lacks this capability. By using RSK, developers can create decentralized applications (dApps) that run on a secure and established network.RSK operates through a two-way peg mechanism, allowing Bitcoin to be converted into RSK’s native token, RBTC. This exchange enables Bitcoin holders to access the benefits of smart contracts while retaining the value of their Bitcoin assets.The platform is compatible with the Ethereum Virtual Machine (EVM), meaning that developers familiar with Ethereum can easily port their applications to RSK. This interoperability helps to attract a broader range of developers and projects.RSK also focuses on scalability and security. Its design includes features like merged mining, where Bitcoin miners can secure both the Bitcoin and RSK networks simultaneously. Overall, RSK seeks to enhance Bitcoin’s functionality by integrating advanced features commonly found in other blockchain platforms.
Avalanche Treasury Co. to Go Public in $675M Deal With Mountain Lake Acquisition
Avalanche Treasury Co. (AVAT), a digital asset treasury company aligned with the Avalanche Foundation, said Wednesday it has agreed to