What is RSK Blockchain (RSK Coin)
What is RSK Blockchain? It is a distributed ledger based on smart contracts. It
What is RSK Blockchain? It is a distributed ledger based on smart contracts. Its main feature is the use of zk-SNARKs (zero-knowledge proof technology) to support decentralized open-source projects. On the Ethereum network, developers can build applications based on the Ethereum and EOSIO frameworks that run on top of RSK.
To achieve this goal, this blockchain provides a set of tools that allow developers to develop, deploy, and test various use cases using a simple programming language. Users can also create accounts to store code.
RSK Coin
According to official sources, RSK Coin is a utility token used for buying, selling, and exchanging Ethereum-based digital assets.
Reportedly, RSK is developing a decentralized financial platform called RSK Network (formerly RSK) to support cross-chain smart contracts. This platform currently allows users to trade various cryptocurrencies. It also uses zk-SNARK technology to build decentralized applications on Ethereum and can integrate with other blockchain-based applications to enhance security.
Earlier reports stated that RSK Network announced the completion of a $4 million funding round in February, with a lead investment from Sequoia Capital and participation from Draper Associates, among others.
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