menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

RootStock ...
source image

Hackernoon

2M

read

87

img
dot

Image Credit: Hackernoon

RootStock - First Impression Through The Eyes Of A Front-end Developer And A Web 3 Layman

  • Rootstock is the first and longest-lasting Bitcoin sidechain that uses Bitcoin security and Ethereum smart contracts.
  • It is EVM-compatible and can operate on blockchains supporting Ethereum Virtual Machine standard.
  • With Rootstock, you can execute smart contracts on Rootstock Bitcoins, which can be created by sending Bitcoins to Rootstock.
  • The platform allows the creation of decentralized apps without the involvement of third parties.
  • Transactions on the RGTC blockchain require the payment of gas, and you can offer minimum, average, or more depending on the speed.
  • In the case of smart contracts, you pay for opcodes or blockchain operations. Optimizing contracts can save v-money.
  • Rootstock's virtual machine, RVM, supports the functionality to run Ethereum dApps.
  • Rootstock uses powpeg and peg-in and peg-out processes that allow you to convert your Bitcoins and Rootstock Bitcoins.
  • The documentation explains how you can save gas by writing optimized smart contracts.
  • Rootstock is a gateway to a vibrant ecosystem of dApps that continues to evolve to become fully trustless.

Read Full Article

like

5 Likes

For uninterrupted reading, download the app