RSK, formerly known as RootStock, a start up which was launched for its potential to pave way
for implementation of Ethereum style smart contracts on bitcoin. RSK launched its beta version
on Jan 3 rd 2018. The new development from RSK rootstock, has the ability of making the largest
cryptocurrency in the market today. The rootstock bitcoin has more competitiveness as
compared to other newer technology bitcoin blockchain currencies.
But what is smart contract?
Bitcoin smart contracts are computer protocols intended to digitally facilitate, verify or enforce
the negotiations or performance of contract and allow the performance of credible transactions
without third parties.
RSK’s “federated” sidechain is also a notable workaround to the difficult process of changing
bitcoin’s code, which was recently seen during the bitcoin’s scaling debates. The difficulty to the
code change comes with the fact that one small change in the system may have technical
repercussions on the rest of the system, which may be unwanted. It is like repairing a rocket once
its already launched.
As the drive chain new development is only in its beta stage, it still has a long way to go, but
this is a sure development, which will have the attention of many crypto currency enthusiasts.
Ethereum style smart contract for Bitcoin
