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Cryptocurrency News Articles

State of Rootstock Q3 2024

Dec 03, 2024 at 01:23 am

Rootstock is a permissionless Bitcoin sidechain launched on mainnet in January 2018. It aims to bring smart contract functionality to the Bitcoin network.

State of Rootstock Q3 2024

Rootstock’s native asset is BTC in the form of RBTC, a 1:1 representation of BTC that is locked on the Bitcoin network and minted on Rootstock. The platform generates revenue through transaction fees, which are divided as follows:

* 70% of the transaction fees go to the Rootstock miners.

* 20% of the transaction fees go to the Rootstock block proposer.

* 10% of the transaction fees go to the Rootstock decentralized applications (dApps)

News source:messari.io

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Other articles published on Dec 04, 2024