De-fi
Unlocking Bitcoin’s Potential: How Rootstock Uses EVM For Scalability – Crypto News
Daniel Fogg is the CEO of RootstockLabs, the organization behind the Rootstock sidechain, which is a Bitcoin Layer 2 solution designed to enhance Bitcoin’s capabilities with smart contract functionality. Rootstock was launched in January 2018, becoming the first Bitcoin sidechain, and is secured by Bitcoin’s hashing power through a merged mining process. This innovative sidechain leverages Bitcoin’s security while enabling Ethereum compatible smart contracts, aiming to reduce transaction costs and improve scalabilityā.
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Episode Description
Daniel Fogg is the CEO of RootstockLabs, the organization behind the Rootstock sidechain, which is a Bitcoin Layer 2 solution designed to enhance Bitcoin’s capabilities with smart contract functionality.
Rootstock was launched in January 2018, becoming the first Bitcoin sidechain, and is secured by Bitcoin’s hashing power through a merged mining process.
This innovative sidechain leverages Bitcoin’s security while enabling Ethereum compatible smart contracts, aiming to reduce transaction costs and improve scalabilityā
Chapters
0:00 Rootstock’s Story
7:11 The Architecture
14:52 Use Cases
21:25 Bitcoin Community
27:00 Ordinals and BRC20
30:32 BitVM
36:00 Merged Mining
41:17 Competition
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