RSK

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Side-Chaining $3 Billion in Value: There’s More Than 141,000 Tokenized Bitcoins Issued on Ethereum

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According to onchain statistics, there is a colossal amount of bitcoin, approximately 141,231 bitcoins or $3.3 billion at the time of publication locked into Ethereum-based tokens. There are roughly seven different wrapped or synthetic bitcoin tokens but the Wrapped Bitcoin project has the lion’s share of coins with 115,411 under custody. At the time of … Read more

Bitcoin Defi: Smart Contract Platform RSK Integrates ETH-Based Stablecoin DAI

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On October 6, 2020, the RIF (RSK Infrastructure Framework) development team announced that the Makerdao project’s DAI stablecoin is now available via the smart contract protocol RSK. According to the software engineers, RIF developers leveraged the RSK-Ethereum token bridge and individuals can now utilize the Ethereum-based stablecoin across a myriad of decentralized applications (dapps). The … Read more

Smart Contract Protocol RSK Attempts to Bring Defi to the Bitcoin Network

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During the last year, Ethereum has dominated the decentralized finance (defi) ecosystem but a number of other blockchain projects plan to join the fray. The second layer, smart contract protocol RSK aims to bring the defi demand to the Bitcoin blockchain and there’s already a few RSK-based defi projects in the wild. In the world … Read more