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What is RSK Smart Bitcoin (RBTC) and how does it work?

by Financial Economy

Bitcoin was created to provide economic freedom to individuals and lay the foundation for a new internet building that would facilitate the transfer of value. The RSK Smart Contract Network was established as a tool to bring this vision to life and achieve prosperity and equality in the world. Secured by the Bitcoin Network, RSK Smart Bitcoin is a powerful smart contract platform. Detailed information on what is RSK Smart Bitcoin (RBTC), how it works, how much is the price, which exchange is it on, etc. is in the continuation of the content. You can browse here for information about CARRY coin (CRE).

What is RSK Smart Bitcoin (RBTC) and how does it work?

IOVlabs, the firm behind RSK, builds low-cost, high-security, easy-to-use platforms for the new global economy. IOVlabs works for global financial freedom by combining the benefits of Bitcoin with a toolkit to create and maintain growth. RBTC is the native token of the platform.

As the first smart contract platform secured by the Bitcoin network, RSK aims to change the way businesses are designed. RSK’s complementary platform, RSK Infrastructure Framework Open Standard (RIF OS), scales technology, making it easier to use distributed infrastructure for traditional developers or blockchain developers.

RBTC features!

Smart contracts appear as contracts whose terms are encoded in computer language instead of legal language. Smart contracts can be executed by a computing network such as RSK. Thus, the terms of the contracts are automatically enforced by a protocol followed by all nodes in the network.

In addition, the RSK Smart Bitcoin platform is investigating the use of the Java toolchain and trying to make the platform compatible with the AVM (AION virtual machine). Java is known as the language of choice by businesses. Because it is written and easy to control. It is also seen as an excellent choice for writing secure smart contracts.

On the other hand, RBTC, the native token of the platform, works pegged to Bitcoin at a one-to-one rate. RBTC is currently supported by Ledger, Dscent and Trezor hardware wallets.

How to buy RSK Smart Bitcoin? What exchange is RBTC on?

RBTC can be purchased from listed cryptocurrency exchanges. But before trading, it is necessary to make sure that the stock market is reliable. RBTC can be purchased from exchanges like Bitfinex etc.

RBTC price!

On 20 Jan, 2022, 1 RBTC coin price is around $42,248. The price is instant price and can change instantly.

Caution: The information contained in this content is for informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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