WHY THE RSK BLOCKCHAIN?
RSK is a blockchain with a virtual machine for executing smart contracts that has opcodes compatible with the Ethereum Virtual Machine. RSK works as a Bitcoin sidechain and Bitcoin is the basis of the modern decentralized economy. RSK expands its functionality adding smart contracts, near instant transactions and higher scalability.
Main Advantages of RSK:
– It scales up to 300 transactions per second;
– There are plans to increase up to 2000 tps with the underdevelopment Lumino protocol
– RSK smart contracts are compatible with the Ethereum virtual machine
– It increases safety with the help of Bitcoin merged-mining
– There are technologies and protocols for:
- fast transactions and blocks propagation;
- distribution of rewards among miners of competing blocks (DECOR+);
- additional securing of the best chain by counting uncle blocks as normal blocks (GHOST)
– The average block generation time is 10 seconds
Have a closer look at our Technical Paper to learn more about PROOF OF TOSS project and find out more about it’s technical insights!
