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What is Rootstock?

Rootstock emerges as a pioneering Bitcoin sidechain that merges the robust smart contract capabilities of Ethereum with Bitcoin’s unmatched security features. As an open-source platform, it leverages Bitcoin's proof-of-work consensus mechanism and utilizes more than 60% of Bitcoin's hashing power through merged mining, which greatly enhances its reliability. This collaboration enables developers to build EVM-compatible smart contracts, thereby fostering the development of decentralized applications that capitalize on the robust security of Bitcoin's network. The platform's native currency, RBTC, is pegged to Bitcoin at a 1:1 ratio, which streamlines interactions with decentralized finance (DeFi) protocols and dApps, enabling seamless processes like minting, swapping, and gas fee payments. Furthermore, the PowPeg protocol is essential for ensuring secure and efficient two-way transactions between Bitcoin and Rootstock, which significantly boosts the interoperability of both networks. Rootstock's growing ecosystem provides users with diverse applications, allowing them to swap, stake, and optimize yields using platforms like Sushi and Beefy, as well as trade on Oku, showcasing the platform's versatility and broad appeal. Consequently, Rootstock not only creates an environment rich in opportunities for developers but also empowers users to fully explore and leverage the advantages of blockchain technology in their daily activities. With such a comprehensive framework, Rootstock stands poised to play a vital role in the future of decentralized finance and blockchain innovation.

What is ChainX?

ChainX, hailed as the pioneering initiative within the Polkadot ecosystem, is committed to advancing and implementing innovations in Bitcoin's layer 2 scalability, acting as both a digital asset gateway and a relay chain for Polkadot's secondary layer. Its primary objective is to enable seamless cross-chain asset exchanges, which will lead to groundbreaking developments in the realm of Bitcoin Cross-DeFi. As Bitcoin approaches the impressive market capitalization of US$1 Trillion, it has established itself as a fundamental component of the digital currency landscape, showcasing remarkable potential for the evolution of blockchain technologies while solidifying Bitcoin's position as a preferred payment method and a reliable medium for transferring and storing value. Many observers suggest that we are just scratching the surface of the immense opportunities that Bitcoin presents. ChainX is passionately dedicated to improving and broadening the financial ecosystem surrounding Bitcoin's Layer 2, striving to enhance the movement of Bitcoin value, expand the possibilities for financial derivatives, and improve tools designed to protect against market volatility. Through these efforts, they aspire to unlock even greater opportunities for both users and investors, ultimately enriching the entire blockchain community.

Media

Media

Integrations Supported

Bitcoin
Ethereum
Acala
Alchemy
Arbitrum
Base
Beefy Finance
Built2Buy
EOS
Gelato
Jumper
Koinly
MetaMask
OpenOcean
Rubic
Sovryn
SushiSwap
Uniswap
pell
thirdweb

Integrations Supported

Bitcoin
Ethereum
Acala
Alchemy
Arbitrum
Base
Beefy Finance
Built2Buy
EOS
Gelato
Jumper
Koinly
MetaMask
OpenOcean
Rubic
Sovryn
SushiSwap
Uniswap
pell
thirdweb

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Rootstock

Date Founded

2018

Company Website

rootstock.io

Company Facts

Organization Name

ChainX

Company Location

China

Company Website

www.chainx.org/en/

Categories and Features

Categories and Features

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