Manchester, United Kingdom, July 8th, 2024, Chainwire
Rootstock, the leading blockchain, experiences unprecedented usage and a surge of new partners joining its network
Rootstock has emerged as the top sidechain in the blockchain industry over the past three months, witnessing a surge in transactions and welcoming numerous new dApps, bridges, and wallets into its ecosystem. This remarkable momentum has propelled Rootstock to the next phase of its expansion, with the team focusing on continued growth and enhancements in the coming year.
Recent data from block explorers reveals that the Rootstock network has processed over 13 million transactions to date, with an astonishing 45,000 transactions per month. This impressive performance underscores the platform's appeal as an ideal foundation for building on Bitcoin, backed by over 60% of Bitcoin's hash rate securing the network and maintaining a flawless uptime since its launch in January 2018.
In terms of integration, the past three months have seen over 25 dApps and protocols seamlessly integrated into the Rootstock ecosystem, offering users new avenues for engagement and development. Some of the notable additions include Artoshi, Bitget, Chainport, Dega, and more.
Looking ahead, Rootstock's core contributors and community members have outlined a 12-month roadmap for the platform, featuring a range of improvements and new features contributed by developers across the ecosystem. These enhancements aim to accelerate transaction speeds, enhance usability, and further decentralize the network. Key highlights include:
- Reducing transaction confirmation times from 30 to 5 seconds
- Facilitating non-custodial swaps between Lightning Network (LN-BTC) and Rootstock (RBTC)
- Enhancing PowPeg into a SegWit-compatible 2-Way Peg
- Introducing a Bitcoin native assets bridge for seamless token transfers
- Developing a trust-minimized Bitcoin/Rootstock bridge with BitVMX
Henrik Jondell, Chief Technology Officer at RootstockLabs, commented on the recent momentum, stating, "The last three months have been pivotal for Rootstock's growth, and we are excited about the upcoming year. Rootstock has established itself as a key player in the crypto space, and the expanded features and accessibility have further broadened its reach."
To learn more about Rootstock and its thriving ecosystem, visit their website.
About Rootstock: Rootstock is the most secure smart contract platform connected to the Bitcoin blockchain. As a Bitcoin sidechain, Rootstock enables users to convert Bitcoin into smart Bitcoins (RBTC) for deploying smart contracts and dApps. The platform offers a trustless bridge for seamless transfers between Bitcoin and Rootstock.
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