21 Mar '16, 7pm

Rootstock Raises $1M to Enable Smart Contracts on the Bitcoin Blockchain

Rootstock Raises $1M to Enable Smart Contracts on the Bitcoin Blockchain

Although smart contract projects on alternative blockchains such as Ethereum are gaining a lot of attention, smart contracts on the Bitcoin blockchain itself are challenging because the Bitcoin network is not a “Turing Complete” system. A Turing Complete system is one that can compute any algorithmically computable function (although with no guarantees regarding runtime or memory). The Bitcoin network has purposefully omitted Turing completeness to allow the economic incentives the network has been able to create, and for minimizing the security risks that come with self-executable programs. But a new smart contracts project by RSK Labs called Rootstock aims to bring smart contracts to the Bitcoin blockchain while being a Turing Complete platform. In a blog post on Medium the company said that Rootstock will be similar to the Ethereum project but will use the Bitcoin ecosy...

Full article: https://bitcoinmagazine.com/articles/rootstock-raises-m-t...

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Rootstock Raises $1M to Develop Smart Contracts...

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Rootstock Raises $1 Million to Bring Smart Contracts to Bitcoin

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Everything you need to know about smart contracts in one report – get your copy today https://t.co/Ol5rX4WSOB

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