Tuesday, November 5, 2024

Unlocking Bitcoin’s Potential: How Rootstock Makes use of EVM For Scalability

Daniel Fogg is the CEO of RootstockLabs, the group behind the Rootstock sidechain, which is a Bitcoin Layer 2 resolution designed to reinforce Bitcoin’s capabilities with sensible contract performance. Rootstock was launched in January 2018, changing into the primary Bitcoin sidechain, and is secured by Bitcoin’s hashing energy by way of a merged mining course of. This progressive sidechain leverages Bitcoin’s safety whereas enabling Ethereum suitable sensible contracts, aiming to scale back transaction prices and enhance scalability​.

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Episode Description

Daniel Fogg is the CEO of RootstockLabs, the group behind the Rootstock sidechain, which is a Bitcoin Layer 2 resolution designed to reinforce Bitcoin’s capabilities with sensible contract performance.

Rootstock was launched in January 2018, changing into the primary Bitcoin sidechain, and is secured by Bitcoin’s hashing energy by way of a merged mining course of.

This progressive sidechain leverages Bitcoin’s safety whereas enabling Ethereum suitable sensible contracts, aiming to scale back transaction prices and enhance scalability​

Chapters

0:00 Rootstock’s Story

7:11 The Structure

14:52 Use Circumstances

21:25 Bitcoin Group

27:00 Ordinals and BRC20

30:32 BitVM

36:00 Merged Mining

41:17 Competitors

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