Bitcoin-Based Ethereum Smart Contract and Sidechain Rival RSK Launches Today

RSK Mainnet’s Beta Launch

Blockchain technology company RSK Labs announced on Monday the official beta launch of their open-source smart contract platform RSK, codenamed Bamboo.

The Ethereum competitor is a sidechain to the Bitcoin blockchain, offering a smart contract platform that uses bitcoin as well as offering layer-two scaling benefits. The company’s Chief Scientist, Sergio Lerner, commented:

We’re very excited to share the RSK mainnet source code with the community. It’s very important for us to get everyone’s feedback and peer review. The RSK project belongs to the whole ecosystem and we need to work together to build the Internet of Value over the Bitcoin Network.

Bamboo uses the RSK mainnet blockchain and network, unlike the previous RSK testing platform named Ginger. “The mainnet will be in beta for four months,” the company’s CEO and co-founder Diego Gutierrez Zaldivar said on the company’s telegram channel, noting that Bamboo will initially be using 21 RSK tokens, known as smart bitcoins, which they will distribute to testers during the 4-month period. “The peg will be limited during the beta phase and we’ll progressively lift all restrictions and leave it run into the wild,” he revealed, adding that the bitcoins will be spread between “Dapp developers and companies running solutions.” […]

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