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Rootstock Smart Bitcoin

Rootstock Smart Bitcoin

RBTC
$85,057.93Up 2.38 percent($1,978.84)

Key Stats

Market Cap$108.48MUp 2.38 percent
Volume (24h)$23.06K
Fully Diluted Value$1.79T
Vol/Mkt Cap (24h)0.02%
Total Supply1.28K RBTC
Max Supply21.00M RBTC
Circulating Supply1.28K RBTC
Launch Date2020-09-30

Rootstock Smart Bitcoin Information

Websites
rsk.coWhitepaper
Block Explorers
explorer.rsk.co
Supported Standards
ERC-20
Industries
Platform
Parent Asset
BTC

Rootstock Smart Bitcoin Price Converter

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Latest Rootstock Smart Bitcoin News

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Rootstock Smart Bitcoin Markets

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InstrumentExchangeBenchmark DataPrice24h Change
Rootstock Smart BitcoinBTC logo
RBTC-BTC
rbtc_btc
lbank logolbank
C
0.9998BTC
0.01%
Rootstock Smart BitcoinBTC logo
RBTC-BTC
RBTCBTC
hitbtc logohitbtc
E
1.00BTC
-0.10%
Rootstock Smart BitcoinBRL logo
RBTC-BRL
RBTC-BRL
mercadobtc logomercadobtc
C
447,590.00BRL
9.17%

About Rootstock Smart Bitcoin

Rootstock Smart Bitcoin (RBTC) is a cryptocurrency tied 1:1 with Bitcoin, enabling smart contract execution on the Rootstock sidechain. It is used for transaction fees within the RSK network, leveraging Bitcoin’s security while enhancing functionality with faster confirmations and smart contract support. RBTC was created by RSK Labs, co-founded by Adrian Eidelman, and launched in 2018, benefiting from merged mining with Bitcoin.

Frequently Asked Questions

Rootstock Smart Bitcoin (RBTC) is the native cryptocurrency of the Rootstock (RSK) blockchain, a smart contract platform that functions as a sidechain to Bitcoin. It operates through a two-way peg mechanism with Bitcoin, allowing users to transfer Bitcoin into the RSK blockchain where it is converted into RBTC at a 1:1 ratio. This setup enables the use of Bitcoin on the RSK network for paying transaction and contract execution fees. RBTC exists solely on the RSK network but can be redeemed back to Bitcoin at any time.

RBTC is primarily used to pay miners on the RSK network for processing transactions and executing smart contracts. This includes decentralised applications (dApps) and services built on the RSK platform, such as micropayments, decentralised finance (DeFi) solutions, decentralised exchanges (DEXs), and many other potential use cases. RBTC benefits from the security of Bitcoin via merged mining, while enabling faster and more scalable transactions. The RSK blockchain's use of a Turing-complete virtual machine allows for complex smart contract operations that are compatible with Ethereum’s virtual machine (EVM).

RSK was developed by RSK Labs, a company founded in 2015 by Adrian Eidelman and a team of blockchain developers.