How Rootstock benefit end users
What is Rootstock?
Rootstock (RSK) is a sidechain project built on Bitcoin, offering Ethereum Virtual Machine (EVM) compatibility. It features the RIF Economy pillar, a layer 3 architecture that provides the infrastructure and building blocks for projects on Rootstock, as well as other layer 1 or layer 2 blockchain platforms.
Rootstock’s long-term goal is to enable users to access decentralized services from any smart contract-enabled blockchain. It boasts a growing team of mission-driven, passionate collaborators worldwide and is highly supported by the Ethereum community and Bitcoin miners for its optionality and compatibility.
Technology is Important, But Partners are Crucial
Rootstock helps organizations build sustainable and scalable IT infrastructure by combining the benefits of a highly secure network with the flexibility to explore possibilities without being limited to a specific chain. This approach leverages the strengths of a strong organization to create disruptive, efficient global solutions in a more transparent and cost-effective way compared to traditional options.
With Rootstock, you gain the right partner and technology to drive development, focusing on how blockchain technology can impact lives and serve communities while providing greater access to important ecosystem partners and companies.
Rootstock Explores Blockchain Technology Across Different Verticals
Rootstock applies blockchain technology to various sectors such as logistics, supply chain, health, government, and banking, benefiting end users through partnerships. For instance:
- Food Consumption and Beef Supply Chain: Carnes Validadas, backed by Rootstock blockchain technology, has created a new method that guarantees extended traceability throughout the beef supply chain. This ensures transparency and offers detailed information about the products buyers are consuming while upholding values such as sustainability, ethical food production, food safety, and traceability.
- Microsoft Blockchain-as-a-Service (BaaS) Integration: Rootstock’s integration with Microsoft’s BaaS marketplace allows dApp developers to focus on building their products rather than setting up and maintaining local servers. This enables both blockchain and non-blockchain developers to experiment with dApps at a low cost, making continued dApp development on Rootstock’s smart contract network even easier.
Clear Benefits of Rootstock Blockchain Technology
- Affordability: All parts involved in the process have considerably lower costs compared to traditional options.
- Identity Verification: Identity verification is implemented on the blockchain.
- Traceability: Every process and required signature is recorded on the blockchain.
- Removal of Intermediaries: Organizations can establish direct relationships with users.
Organizations like Wings use Rootstock’s open-source platform as a runtime network for DAO project funds, creating the first generation of DAOs for Bitcoin. Rootstock enables Wings DAO to utilize the most popular and secure blockchain network while offering the full flexibility of Ethereum smart contracts, providing a fast, scalable, and secure platform.
Rootstock integration allows MEW’s millions of Ethereum users to interact with the Bitcoin blockchain directly from their wallets. This feature enables users to explore possibilities without being restricted to a single chain. Additionally, RNS implementation allows users to send RBTC or RIF to addresses like username.rsk instead of traditional hexadecimal public addresses, offering an interesting alternative to ENS. Rootstock’s proprietary checksum algorithm also helps mitigate the risk of sending funds to the wrong address.
Enhanced Payment Experiences
Rootstock provides a seamless user experience with a new payment rail. Traditionally, we rely on credit cards and payment networks like Visa and Mastercard for their security, but these come with high costs and centralization. Rootstock leverages crypto rails to offer fast, affordable, and seamless cross-border and domestic payment experiences at an individual level, surpassing traditional options.
Stay Tuned for More
There are many amazing solutions in the Rootstock ecosystem, but this is just an introduction. Stay tuned for more on Rootstock’s benefits to end users through protocols, integrations, and partnerships.
Join Us at the Rootstock Extravaganza!
Don’t miss the full-day Rootstock Extravaganza in Buenos Aires, starting November 10, 2022. Tickets are available now and a live stream of the event will be accessible for free on the Rootstock Discord server and YouTube if you can’t attend in person.
For more important updates on Rootstock blockchain, follow Rootstock on Twitter
Thanks for reading.
