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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 Palm?

We are launching a groundbreaking creative studio and NFT community on Ethereum, in partnership with some of the leading names in fine art, cryptoart, and entertainment, with a focus on both scalability and sustainability. Palm NFT Studio acts as a bridge, connecting projects and platforms with the Palm ecosystem by collaborating with artists, creatives, marketplaces, and rights holders. Designed with adaptability at its core, Palm is crafted to support the varied artistic expressions of creators. At present, we are working to improve the functionality and effectiveness of NFTs through an Ethereum sidechain, with aspirations to transition to an Ethereum Layer 2 soon. Participants within the Palm ecosystem will benefit from significantly lower gas fees, while the community itself will foster incentives for both creators and users alike. This dedication to cultivating a lively community is set to amplify collaboration and spur innovation throughout the NFT landscape, enabling new opportunities and experiences for all involved. Ultimately, our vision is to create a thriving space that empowers artists and enhances the value of their contributions to the digital art world.

Media

Media

Integrations Supported

Ethereum
Alchemy
Arbitrum
Base
Beefy Finance
Bitcoin
Built2Buy
Jumper
LayerZero
MetaMask
Money On Chain
OpenOcean
Sovryn
SushiSwap
Symbiosis Finance
The Graph
Uniswap
pell
thirdweb

Integrations Supported

Ethereum
Blast

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub

Training Options

Documentation Hub

Company Facts

Organization Name

Rootstock

Date Founded

2018

Company Website

rootstock.io

Company Facts

Organization Name

Palm

Date Founded

2016

Company Location

United States

Company Website

palm.network/

Categories and Features

Layer 2 Protocols

Not specified

Categories and Features

Layer 2 Protocols

Not specified

NFT

Not specified

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