The post The growth of the Bitcoin Rootstock sidechain appeared on BitcoinEthereumNews.com.

Rootstock, the first and most enduring sidechain of Bitcoin, experienced a quarter of unprecedented growth, consolidating itself as the leading blockchain thanks to a record number of transactions and a series of new integrations.  With the panorama of Bitcoin layer 2 in turmoil, Rootstock has made a leap in quality, becoming a point of reference for the cryptocurrency ecosystem. Here are the highlights of this impressive growth. Growth of transactions and security of the Bitcoin Rootstock sidechain network According to data from the block explorer, Rootstock has surpassed 13 million total transactions, with a monthly average of 45,000 transactions over the past three months. This significant increase highlights the growing adoption of the sidechain, which offers a secure and reliable environment for building on Bitcoin. With over 60% of Bitcoin’s hash rate ensuring the network’s security and 100% uptime since its launch in January 2018, Rootstock stands out as a premier destination for development on Bitcoin. In the last three months, more than 25 dApps and protocols have joined the Rootstock ecosystem, offering users new innovative ways to interact with the platform. Key integrations include Artoshi, Bitget, SushiSwap, Uniswap, and many others, expanding the possibilities of use and development on Rootstock. These new collaborations highlight the growing attractiveness of the platform for developers and users. Looking to the future, Rootstock has outlined an ambitious roadmap for the next 12 months, promising significant improvements that will further strengthen the platform. Among the main objectives are the reduction of transaction confirmation times to just 5 seconds and the enabling of non-custodial swaps between Lightning Network and Rootstock. These improvements aim to increase transaction speed, improve usability, and further decentralize the network. Improvement Proposals of Rootstock (RSKIPs) The roadmap includes a series of Rootstock Improvement Proposals (RSKIPs) that address various aspects of the…

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Filed under: News - @ July 9, 2024 2:04 am