WILL RSK REACH THE SAME HEIGHT AS ETHERUM?

WILL RSK REACH THE SAME HEIGHT AS ETHEREUM ?

Crypto currency has gone from a curiosity to a sizable force in finance, technology and culture, making them almost impossible to ignore. A range of players have embraced crypto from individuals’ speculation to major financial institutions despite how volatile they are.

When. People talk about crypto, the popular coin that comes to mind is bitcoin because of how popular bitcoin is and it’s the first crypto currency in the world and the largest…

But seemingly, over the past years, many coins/Crypto have been launched after bitcoin called altcoins, they are basically the alternative of bitcoin. Examples are Ethereum, Rsk, Dash, etc. Each coin comes with a uniqueness and it’s integrated to solve a problem. Among these altcoins comes Rsk. (rootstockers.)

WHAT IS RSK?

Rsk is the first general purpose smart contracts platform secured by bitcoin network. It is a highly Decentralized Blockchain. In simpler terms, Rsk is that side chain that extends bitcoin with Ethereum — compatible and stateful smart contracts functionality.

WHY RSK?

It is no longer news that while bitcoin provides the most secured digital assets, Ethereum tends to provide the smart contracts executions platform with the richest application ecosystem.

But what then can bridge these two together to help users? In this regard, Rsk was created. The purpose and goal of Rsk is to bring Ethereum ‘s Ethereum goodside. I.e, the advantage to bitcoin, thereby allowing bitcoin users to fully utilize and benefit from a decentralized finance without having to exchange their bitcoin to other assets or having to renounce bitcoin consensus security.

WHO FOUNDED RSK?

Rsk is a decentralized autonomous organization which exists independently of any one or organization. It operates on the basis of smart chain /contract. The lead contributors is a team called IOV LABS in Argentina who understand the necessity to bridge this gap and make DeFi more efficient for everyone. They have felt the true consequences of financial mismanagement and experience the real potential of bitcoin promise. IOV labs is a purpose driven organization focused on promoting and developing the next generation of open blockchain — based infrastructure that will enable worldwide financial inclusion and bridge the gap between this nascent technology.

Can Rsk really surpass Ethereum?

This is a big question many have been asking and with fact you will get the answer..

— Rsk is the only network using merged technology to leverage the security of bitcoin while enabling EVM compatible smart contracts to build DeFi applications. This has given Rsk an upper hand compared to Ethereum.

— Compared to Ethereum and bitcoin, Rsk is more secure and developers have chosen Rsk based on this fact, the RSK Network is safeguarded by approximately 40% of the computer power of the Bitcoin Network and uses the same hashing algorithm as Bitcoin, the world’s safest decentralized network. Other security models, like EOS’ DPoS or Ethereum’s PoW built on general purpose hardware, may have certain advantages, but none of them have been combat tested or held as much value in custody as the Bitcoin Network.

The security of Rsk is of topnotch importance. The scalability is another thing that cannot be ignored as Rsk has a high scalability compared to Ethereum.

Though currently, Rsk has less chain activity than Ethereum, that is because the project is less than 2yrs. But based on statistics gathered, it is estimated to grow faster than Ethereum in terms of transaction volume.

programming language; In terms of programming language, Rsk is on par with Ethereum as both native tokens support solidity smart contracts and APIs. This has boosted the developers interest in developing on Rsk, Because of these degrees of compatibility, developers may easily move their dApps to the RSK Network and take advantage of their newly gained skills and expertise. knowing very well that there are rooms for improvements, and with this improvement, Rsk is bound to surpass Ethereum.

Rsk combines the best of bitcoin and Ethereum under a single platform., RSK is the most secure smart contracts platform.

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