What is Rootstock?
Rootstock is an open-source peer-to-peer smart-contract platform and payment network with a 2way peg to Bitcoin.
Rootstock goal is to add value and functionality to the Bitcoin ecosystem by enabling smart contracts, near instant payments and higher-scalability.
The project has been conceived with the following principles in mind:
We believe in Bitcoin. We support the Bitcoin community and we want to continue the legacy of Bitcoin´s pioneers.
The lack of Turing-complete smart-contract capabilities may become an obstacle to Bitcoin´s growth to its full potential. Rootstock provides the missing technical needs, as a blockchain with a 2way peg to Bitcoin. As Rootstock does not mint, nor has pre-mined
coins, then it has no speculative value, and does not compete with Bitcoin.
The Security of Rootstock is our main priority. The Rootstock blockchain is secured by merge-mining, which
means that we can achieve the same security as Bitcoin in terms of double-spend prevention and settlement finality. The 2way peg security will first rely in a federation holding custody of bitcoins, and later switch to an automatic peg, when the community
accepts the security trade-offs of the automatic peg.
Rootstock can scale far beyond Bitcoin in its current state. Rootstock scales to 100 transaction per seconds
(same level as Paypal) without sacrificing decentralization and reducing storage and bandwidth usage using probabilistic verification and fraud proofs, as well as blockchain sharding techniques.
Since the creation of Bitcoin there has been a race for faster transaction confirmations. Instant payments
allow new use cases, such as retail store payments, and transactions in online games. Rootstock carefully chosen parameters and new theoretical protocols (such as DECOR+GHOST) allow creating blocks at 10 seconds average interval, with low stale block rate,
and no additional centralization incentives.
Meet the Team
Diego Gutiérrez Zaldívar - CEO & Co-Founder
Sergio Demian Lerner - Chief Scientist
Ruben Altman - Co-founder
Adrián Eidelman - Co-founder
Gabriel Kurman - CFO
Adrian Garelik - Co-Founder