rootstock Bitcoin News

Sidechain Juggernaut RSK Labs Launches Ginger Testnet After $3.5M in New Funding

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The highly anticipated project by RSK Labs officially moves into open beta status today with the launch of their public testnet named Ginger.
RSK Labs, the company behind Rootstock, announced at Consensus 2017 on Monday the global release of their open source testnet, Ginger.
Developers worldwide can now deploy an RSK node, grab some testnet coins, and try out ethereum-style smart contracts on RSK's sidechain to the Bitcoin network.
A network stats page, an RSK block explorer, and a testnet RSK coin faucet are also available to the public.
Ginger "Adds more functionalities to the Bitcoin network such as smart contracts, greater scalability and a new revenue stream for miners," RSK Labs described.
RSK Labs plans to use their latest funds for R&D, strengthening network security, and deploying a "Mainnet in a few months," which would end the Ginger trial and launch RSK for real usage this year.
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Rootstock is a project to execute smart contracts (turing complete) to the ecosystem of Bitcoin. It is a Sidechain that uses as currency the SBTC (Smart-BTC) which is convertible 1: 1 with Bitcoin ... Rootstock (RSK), the first Bitcoin smart contract sidechain, has announced that 10% of all Bitcoin miners are now securing the RSK blockchain. This makes RSK extremely secure since that is a tremendous amount of hashing power. Smart contracts are a major advancement in the cryptocurrency and blockchain technology world. They allow users to ... How does rootstock compare with similar bitcoin sidechain projects? How does RSK compete with Lightning Network? Ethereum is going to change a lot in couple of next years. What do you thing about Ethereum 2.0 and especially about their plans to use eWASM instead of EVM. What is RSK strategy? Can you compare ethereum and RSK blockchain size? I mean is RSK chain growing at the same speed as ... Actively involved in Bitcoin ecosystem since 2013, since then focused in Bitcoin Mining, now working in the Rootstock.io project to help Bitcoin Blockchain to become more usable as a Smart Contract platform fully integrated with the main Bitcoin Blockchain. AvatarX Nickel Bitcoiner Posts: 14 Joined: Sat Sep 26, 2015 10:07 pm. Re: Im Juan Garavaglia, Rootstock.io Ask Me Anything! Wed Nov 04 ... Rootstock has an element of so-called federation, that is to say that the whole process is not precisely trustless due to limitations in the current state of Bitcoin's technological development. The "federation" is people, but a group of people that have a strong interest in not cheating the system and (hybrid) a limited ability to affect the operations of the protocol and only in limited and ...

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