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Technical Overview

Javier VargasRSK Ambassador Madrid

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Internet of Knowledge

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Internet of Value

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Dollar value in the last 100 years

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Dollar value in the last 100 years

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Intro to RSK

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Five pillars

1. Ethereum compatibility

2. Bitcoin - RSK Bridge (2WP)

3. Merged Mining

4. Global federation

5. Community

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Five pillars

1. Ethereum compatibility

2. Bitcoin - RSK Bridge (2WP)

3. Merged Mining

4. Global federation

5. Community

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1. Ethereum compatibility

• RSK started as a fork of the EVM

• Your Solidity contract can run in RSK network without changing code!

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Five pillars

1. Ethereum compatibility

2. Bitcoin - RSK Bridge (2WP)

3. Merged Mining

4. Global federation

5. Community

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2. Bitcoin - RSK Bridge (2WP)

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2. Bitcoin - RSK Bridge (2WP)

• The Smart Bitcoin (or SBTC) is a conversion of the original Bitcoin residing in the RSK network

• 1:1 conversion rate with Bitcoin

• The 2-way peg is used to convert from one to the other

SMART BITCOIN

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2. Bitcoin - RSK Bridge (2WP)

SINGLE CUSTODIAN

FEDERATION (OP_CHECKMULTISIG)

SPV_SIDECHAIN

DRIVECHAIN

DRIVECHAIN + FEDERATION

Bitcoin soft-fork requiredBIP presented

RSK BTC

BTC RSK

NOW

BIP

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2. Bitcoin - RSK Bridge (2WP)SBTC TO BTC

BTC tx candidate

created (on Bridge

Contract)

Enough Confirmationspass (on RSK)

Tx Signed by enough

Federation members

Tx Broadcasted

to BTC Blockchain

User requests

BTC release

Enough RSK Blocks are mined Federators sign

Federators broadcast transaction to BTC

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Five pillars

1. Ethereum compatibility

2. Bitcoin - RSK Bridge (2WP)

3. Merged Mining

4. Global federation

5. Community

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3. Merged Mining

• Allows a miner to mine more than one blockchain at the same time

• Every hash the miner does contributes to the total hash rate of both networks

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3. Merged Mining

• The RSK Network is secured by the Bitcoin miners

• The Bitcoin miners increase their revenue at zero extra cost

• RSK leverages the Bitcoin security to create the most secure Smart Contract platform

• RSK enables the Bitcoin miners to form part of the Smart Contracts business

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BTC+RSK MINING POOL RSK MINER SERVER MINERS

HAVE A BTC BLOCK TO MINE

GETWORK

^ RSK Block Info

DO YOUR MATH! (WITH BTC INFO + RSK INFO EMBEDDED)

^ PoW Found!

SUBMIT (only if difficulty is ok)

MINED ON BTC AS WELL! (only if difficulty is ok)

3. Merged Mining

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Five pillars

1. Ethereum compatibility

2. Bitcoin - RSK Bridge (2WP)

3. Merged Mining

4. Global federation

5. Community

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4. Global federation

• Act as the bitcoin guardians on the Bitcoin-RSK Bridge

• Provide additional services:oGeneration of external security checkpointsoActive oracling services

• 25 of the most recognized companies in the industry

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Five pillars

1. Ethereum compatibility

2. Bitcoin - RSK Bridge (2WP)

3. Merged Mining

4. Global federation

5. Community

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Different programs

1. EDUCATE-> https://educate.rsk.co

2. PARTNERS-> https://partner.rsk.co

3. BUG BOUNTY-> https://bounty.rsk.co

4. AMBASSADOR + BETA TESTER-> https://ambassadors.rsk.co

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Are you a dev?

•GitHub -> GITHUB.COM/RSKSMART

•Gitter-> GITTER.IM/RSKSMART/RSKJ

•Tech Resources -> http://bit.ly/RSKTechResources

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USE CASES

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eWallets: Davivienda (Colombia)

• Stage 1: Employee loyalty programs

• Stage 2: Customer reward programs

• Stage 3: Regional remittances Micro-lending

by:

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Other Potential Use Cases

• Micro Insurance (Tokenized)• Insurance loyalty (Telematics)• Tokenized Factoring• Regulated micro-investment• Commodity tokenization (eg. public debt)• Tokenized social assistance & reputation

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Communication Channels

•Telegram: @rsksmartcontracts•Twitter: @rsksmart• Slack: http://bit.ly/RSKCommunitySlack•Blog: media.rsk.co

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@RSKSMART#SMARTERBITCOIN

Alejandro BanzasGlobal Community Coordinatorab@rsk.co - @AleBanzas

Thanks!