Tag: Smart Contracts
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Rootstock (RBTC): Architecture and Operation
Rootstock, abbreviated RSK, is a second layer virtual machine that attaches to the Bitcoin blockchain. Developers released the first public code in 2015 to shorten settlement latency and to introduce smart contracts that execute natively on Bitcoin value. RSK is not a coin – it is a sidechain that runs parallel to Bitcoin. When a…
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What Is Decentralized Finance (DeFi) and How Does It Work?
Decentralized finance, abbreviated DeFi, denotes a peer-to-peer monetary network that relies on distributed ledgers and cryptographic tokens to let individuals, companies, or autonomous programs exchange value without the participation of custodial institutions. The governing objective of DeFi is to displace banks, brokers along with clearinghouses, thereby compressing settlement latency and trimming fee schedules. In the…
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