RSK (RootStock) works as a Bitcoin Sidechain. When Bitcoins are transferred into the RSK blockchain, they become “SmartBitcoins” (SBTC). SmartBitcoins are equivalent to bitcoins living in the RSK blockchain, and they can be transferred back to Bitcoins at any time at no additional cost (except for standard RSK transaction fees). SBTC is the base currency used on the RSK sidechain to pay miners for transaction and contract processing. There is no currency issuance: all SBTC are created from Bitcoins coming from the Bitcoin blockchain.RSK Smart is the first smart contract network secured by Bitcoin. The network provides scalability whilst reducing storage and bandwidth usage using probabilistic verification and sharing techniques, thus providing flexibility for instant payments such as retail-ready store payments and microcredits.RBTC is the native token of RSK and is used to pay gas to execute RSK transactions and smart contracts. RBTC is pegged 1:1 to BTC, and can be autonomously converted to/from BTC through the so-called 2WP’ that bridges the Bitcoin and RSK protocols.

Rootstock Smart Bitcoin

The first open-source smart contract platform with a 2-way peg to Bitcoin.

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