Pegged 1:1 with Bitcoin, RBTC, or “Smart Bitcoin”, is the currency used to execute smart contracts on Rootstock.
Making DeFi on Bitcoin possible
RBTC is the “Smart” version of Bitcoin. It allows Bitcoin users to interact with smart contracts on the Rootstock network and acts as the gateway between Bitcoin and DeFi.
The price of RBTC is pegged directly to the price of BTC. Guaranteed by Rootstock’s built-in 2-Way Peg, one RBTC will always be convertible back to one BTC (and vice versa).
A true Bitcoin sidechain
Unlike other major blockchain networks, Rootstock does not generate its native coin through block rewards.
By using merged mining to leverage the security and resilience of Bitcoin, Rootstock can issue its native currency (RBTC) through a direct conversion from BTC.
Powpeg is a proof-of-worksecured two-way peg01
Rootstock’s built-in 2-Way Peg is the native mechanism for acquiring RBTC.”Peg-in” your BTC using the 2-Way-Peg app and receive the equivalent sum of RBTC in return.
Use an exchangein Rootstock’sgrowing ecosystem02
Decentralized exchanges such as Sovryn, Defiant, Liquality, and more, allow users to easily acquire RBTC within the Rootstock network. RBTC is also available to purchase via certain centralized exchanges, such as Bitfinex.
Use Powpeg to:
Convert BTC to RBTC
Check status of operation