What Makes Rootstock Different
Smart Contract-Enabled Bitcoin
Thanks to Rootstock's sidechain approach, developers can create smart contracts on a secondary blockchain that runs parallel to the Bitcoin network, allowing the smart contracts to handle complex operations that may be difficult to execute on the Bitcoin blockchain. After execution, the smart contract is acknowledged by the Bitcoin network, providing an extra layer of security and transparency.
With its smart contract capabilities, Rootstock enables the development of decentralized applications that require complex logic and functionality, including DeFi protocols and non-fungible tokens (NFTs). This is particularly significant in the DeFi space, where sophisticated smart contracts are critical to the operation of numerous DeFi protocols. Rootstock enables developers to create protocols that support advanced financial instruments like options and derivatives and execute intricate strategies like automated market makers and liquidity pools.
Rootstock's merged mining tech leverages the miners on the Bitcoin network to help secure the RSK network, making it more resilient against potential attacks. This approach enables miners to validate transactions on both networks simultaneously, thus reducing the time and resources required to secure both chains. Rootstock's merged mining consensus mechanism allows miners to receive rewards for validating transactions on both networks, which incentivizes them to secure both the Bitcoin and RSK networks.
Fast Transactions & Small Fees
Rootstock reduces BTC transaction fees and improves transaction times. Rootstock's sidechain approach enables additional tasks to be completed on a secondary blockchain, which reduces the burden on the primary Bitcoin blockchain and ultimately lowers transaction fees. With merged mining, Rootstock can process transactions faster than Bitcoin, which not only speeds up the process but also helps to reduce costs. By leveraging these technologies, Rootstock is able to provide a more efficient and cost-effective ecosystem for Bitcoin holders.