How does the Rootstock platform differ from Bitcoin?

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This article will cover the rootstock platform which aims to solve some limitations of Bitcoin

Rootstock (RSK) is a smart contract platform built on top of the Bitcoin blockchain, while Bitcoin is a decentralized digital currency that runs on its blockchain.

RSK was designed to enable smart contract functionality on the Bitcoin network, allowing developers to build decentralized applications (dApps) and run complex smart contracts on top of the Bitcoin blockchain. This is achieved through the use of a sidechain, which is a separate blockchain attached to the Bitcoin blockchain, allowing interoperability between the two.

How is RSK different from Bitcoin?

Unlike Bitcoin, RSK is not a cryptocurrency and is not intended to be used as a form of payment. All things being equal, this is a backend layer that uses merged mining to approve transactions much faster. Blocks are confirmed on its chain before being sent to Bitcoin’s chain.

RSK allows Dapps developers to create their own DeFi, NFT, etc. protocols. using the Bitcoin blockchain. Crypto transactions are paid to miners in exchange for using their equipment to confirm transactions and create new blocks. RSK’s innovative system tries to reduce costs, which fundamentally developed from the presentation of Bitcoin and Ethereum.

In addition, Rootstock places great importance on security. For example, in order for the system to improve the overall security of stakeholders, it uses financial incentives to entice programmers, hackers, and security experts to discover flaws.

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