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TPPegged sidechains are a good way to explore new ideas without sacrificing security. Mr Zaldivar is certainly correct about that. In fact, all altcoins could take a page from his book and attempt the same thing, but most, like ETH - think they have to reinvent the wheel on their own, which has its own risks. Taproot is coming to Bitcoin this year. This will obviate a lot of other tokens that offer "smart" contract functionality. Its okay if you're a pegged sidechain, you just swap back to Bitcoin and you're good. Its a little rougher for individual tokens, because their intrinsic value wanes as Bitcoin absorbs their utility. In a way, you can consider ETH's reliance on "wrapped Bitcoin" an admission of their own inferiority, because it relies on the strength of BTC to engage in transactions on ETH. If they were truly confident of their system, they'd discourage its use as the native token should be enough. In any event, ETH's panic-pivot to staking will be a nightmare, and protocols like RSK will be just fine. There is no free lunch when it comes to blockchain security, as VergeCoin found out - and ETH will soon after.
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SAWhat RSK has been doing is how I imagined things would pan out eventually for the crypto space as a whole back in 2013. I thought people would build on Bitcoin first and foremost but instead we got copies that radically altered and experimented. In hindsight, it was inevitable that the space would develop with radical experimentation in mind. It is good to see that we will finally have the functionality developers have craved for on the Bitcoin network. I don't share some of the Bitcoin maxi's that this will be the be-all and end-all crypto development and that Bitcoin is the one to usurp all. Bitcoin is not open to radical development which means there will always be space for other protocols to be brought into existence, develop, thrive and die. I imagine Bitcoin will integrate new ideas through new layers like RSK did with ETH but it will do so at a slower space, with less excitement and less speculative opportunity.
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ZYLove to hear both side: ETH 2.0 and RSK deep compare, or how they different themselves from each other.
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DWVery interesting interview and I hope RSK develops into a strong project. Having Defi and related fees contributing to BTC miners could help in the long term with BTC system security, especially once all BTC have been mined. However I'm surprised there was no mention of Blockstacks during this interview. Blockstacks is a L1 smart contracting program that runs on the Bitcoin network. It uses Clarity, developed by the Algorand team for programming of smart contracts, rather than EVM which probably means it has lower gas fees and more efficient computing execution. Would love to hear how RSK compare to Blockstacks.
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MRExciting discussion about how the layers of the boundaries between bitcoin and ethereum can co-operate and provide value moving forward....
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TSVery good discussion gentlemen. thank you. follow-up question ... how does the RSK Infrastructure Framework (RIF) fit into this RSK/bitcoin blockchain protocol ? I noticed that RSK-RIF has a native token that is different than BTC.
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MSWell done Real Vision. The knowledge you are allowing to be shared is astounding. EXCELLENT.
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CHWow, what a great interview! Thank you RV for putting out some content that describes Bitcoin in other terms than "digital gold". I especially liked the way Diego explained the reasoning behind their choice of building on top of Bitcoin and I think the discussion as a whole was made on just the right technical level for most people to get the idea of RSK. Nicely done! I bet my fellow ETH bear Timothy will be pleased by this one as well! ;)
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JGSo how defi took off in 2020 and a lot of people jumped on the back of it at the end of 2020 beginning of 2021 which was a little late. This looks like a good bet to take off the same way? Especially at the price today, there's no need to risk a high amount of capital to gain a high reward?
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JSExciting developments