Question 1

What is Rootstock Smart Bitcoin (RBTC)?

Accepted Answer

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.

Question 2

What is Rootstock Smart Bitcoin (RBTC) used for?

Accepted Answer

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).

Question 3

Who created Rootstock Smart Bitcoin (RBTC)?

Accepted Answer

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

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	RBTC-BTC rbtc_btc	lbank	C	0.9998BTC	0.01%	0RBTC	0	0.9997BTC	0.9997BTC
2	RBTC-BTC RBTCBTC	hitbtc	E	1.00BTC	-0.10%	0.001146RBTC	3	1.00BTC	1.00BTC
3	RBTC-BRL RBTC-BRL	mercadobtc	C	447,590.00BRL	9.17%	0.0₄5695RBTC	3	410,000.00BRL	447,590.00BRL