MOST AWAITED CONTRACT SOLUTION TO BITCOIN'S BLOCKCHAIN WITH HIGH SCALING OVER BITCOIN, THESE BITCOIN'S SIDECHAIN OR SOFT FORK EXPECTED WITH AN UPGRADE LUMINO AND OTHER ETHEREUM FEATURES.
***DECEMBER LAUNCH***
RSK smart bitcoin contract is a soft fork or sidechain with a 2-way peg and merged mining to rewards bitcoin miners for securing the network. with near instant payment and higher scaling.although these softfork was planned to launch after segwit2x has taken place,but it was confirmed by Sergio Demián Lerner, RSK Labs’ chief scientist, that segwit2x has done no effect on the launch date, he also said that if all goes as planned the mainnet will be launch in beta mode, all component will be launched except that they would be a restriction to the amount of RSK that will enter the platform.....but as time goes the limit will be increasing, with a merged mining hashing power making a threshold that provides enough security to secure peoples money.....moving from partial decentralization to full decentralization. RSK Lab’s CEO and co-founder Diego Gutiérrez Zaldívar recently posted on the company’s Telegram channel, “On December 4th RSK Mainnet beta will be launched.”
LUMINO NETWORK TO FOLLOW
lumino network otherwise known as bitcoin soft fork, is a lighting-style network, which uses its own compression protocol (lumino transaction compression protocol). according to LTCP whitepaper. LTCP scales bitcoin by 8.3 times, and segwit2x is only by 1.8 times, making it able to serve 1 billion users....the first layer of lumino(the LTCP PROTOCOL) WILL BE LAUNCHED AFTER THE MAINNET LAUNCH-2ND QUARTER 2018.
BENEFITS
- CHEAP TRANSACTION
- FASTER TRANSACTIONS
- HIGH DEGREE OF DECENTRALIZATION
- CONSUMES LESS CPU
- CONSUMES LESS DISK I/O
- REDUCED BLOCK TIME VERIFICATION
WHAT DOES IT LOOKS LIKE?
RSK can do what ever ethereum does,but with samrt bitcoins,plus also receiving investments denominated in bitcoin .directly to a bitcoin multisig(without evening moving them into RSK). it also make use of bitcoin brigde services to verify bitcoin transactions.
HOW TO ACCESS RSK COIN
From my understanding there are no real "RSK" coins. You access the RSK blockchain by buying bitcoin, then creating an RSK lock transaction, which locks your bitcoin in an unspendable address. This allows you to then start transacting on the RSK blockchain.
When you want your bitcoin back, you can lock up your funds on the RSK chain which allows you to move the original bitcoin on the bitcoin blockchain again.
So there is no RSK coin that can be purchased. I actually like this model much better than some crappy alt-token that can be pumped or manipulated.
**WHAT DO YOU THINK ABOUT THESE COIN**
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