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Introduction to Smart Contracts Development in RSK

These last years there has been growth in Smart Contracts development, predominantly in the Ethereum blockchain. Ethereum, being a different type of blockchain than Bitcoin, can execute concise lines of code inside its chain, a job that Bitcoin (specifically designed to send transactions easily) can’t do. Here is where RSK intervenes building a sidechain tied up to Bitcoin through a 2-Way Peg system, managed by the Federation Partners, that makes code execution possible. Instead of designing a new programming language for developing Smart-Contracts, they used Solidity, the same language that Ethereum uses. This has two benefits: not only programmers won’t have to learn a new skill but also contracts in the Ethereum network could be deployed in RSK without much effort, taking advantage of the vast market capitalization Bitcoin has.

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