Defi Llama Confirms Rootstock As The First And Biggest Bitcoin Sidechain

Capping a busy period for the cryptocurrency sector, the first and longest-standing Bitcoin sidechain, Rootstock , is seeing renewed momentum after a recent surge of developer activity, integrations and dApp launches It’s been hard not to notice Bitcoin’s continued resilience, with its price currently reaching an all time high of $73,000 showcasing its sustained appeal and growing investor confidence.

Since launch, the Turing-complete sidechain has helped hundreds of apps to be built on top of Bitcoin, while making transactions cheaper, faster, and more scalable. Secured by over 60% of the hash power of Bitcoin through its merge mined consensus mechanism, Rootstock is considered the most secure smart contract platform in the world. and has achieved a remarkable 100% uptime throughout its lifetime.

In the past month, a wave of projects and updates have been announced by the Rootstock community including a revampedupgrade which includes a number of key Rootstock Improvement Proposals proposed by the community of developers contributing to the network. These upgrades are focused on increasing Ethereum compatibility and reducing transaction costs. Arrowhead will go live on April 3, 2024, at the #6,223,700 block.

One of the key drivers of growth of Rootstock has been its ability to attract solidity developers from other leading blockchains such as Ethereum due to its compatibility with the Ethereum Virtual Machine facilitating a seamless transition to a platform that combines Bitcoin's security with Ethereum's functionality. Today Rootstock is the only EVM compatible Bitcoin sidechain live and battle tested on mainnet.

Alongside this, Rootstock continues to host notable global events for its community. In the coming weeks, the Rootstock community will host another such event on the 21st of March from 7pm onwards at Poolside, Lisbon, the country's leading Web3 accelerator. As always, the community’s in-person meetups offer valuable insights and networking opportunities for entrepreneurs, developers, and crypto enthusiasts interested in gaining more from the Bitcoin ecosystem.

Source: Digital Coin News (digitalcoinnews.net)

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