Smart Bitcoin (RBTC) is a cryptocurrency that operates within the Rootstock (RSK) blockchain ecosystem. It is pegged 1:1 to Bitcoin and serves as the primary unit of value for transactions and smart contract execution on the RSK platform. RBTC allows users to interact with DeFi protocols and dApps while maintaining a direct connection to the security and stability of the Bitcoin network.
Smart Bitcoin (RBTC) is used to interact with decentralized applications (dApps) and decentralized finance (DeFi) protocols on the Rootstock network. It is pegged 1:1 to Bitcoin and serves as the native token for the Rootstock sidechain. RBTC is used to pay for gas fees within the network, facilitating transactions and smart contract execution. It also allows users to mint, swap, and engage in various activities within the Rootstock ecosystem.
To store Smart Bitcoin (RBTC) tokens, you need to use a crypto wallet that supports smart contracts and the Rootstock network. Here are the steps:
Choose a Wallet: Select a wallet that supports Rootstock and smart contracts, such as Bridge Wallet, Defiant, or Liquality. These wallets can be installed on your mobile device or as a browser extension.
Set up the Wallet: Create an account by providing personal information and a strong password. You will be given a secret recovery phrase or seed words, which you should note down carefully in case you lose access to the wallet.
Store Private Key: The wallet stores your private key securely, which is used to sign transactions. The public key is used to verify the signed information and can be shared with others.
Interact with Rootstock: Use the wallet to interact with the Rootstock blockchain, such as transferring RBTC tokens or invoking smart contract functions. The wallet will construct and sign transactions, and then submit them to the Rootstock network.
Monitor Transactions: The wallet will update the transaction status from "pending" to "confirmed" once the transaction is verified by the Rootstock network.
By following these steps, you can securely store and manage your RBTC tokens using a compatible crypto wallet.
To buy Smart Bitcoin (RBTC) tokens, you can follow these steps:
Centralized Exchanges:
- Choose a reliable and trustworthy exchange that supports RBTC purchases, such as Buenbit, Bitfinex, Let’s Bit, and Mt Pelerin.
- Create an account, verify your identity through KYC, and add a payment method.
- Find the BTC/RBTC pair, sell BTC to buy RBTC, and withdraw RBTC to your Rootstock wallet.
Crypto Wallet:
- Select a reputable crypto wallet that supports RBTC, such as Bridge Wallet.
- Download the app, create a wallet, and purchase RBTC using a supported payment method.
- Alternatively, buy a popular cryptocurrency like USDT and exchange it for RBTC through your wallet or on a decentralized exchange.
Peer-to-Peer Exchange:
- Use Telegram bots like @lnp2pbot or dApps like PayDece to facilitate safer P2P transactions with smart contract-powered Escrow services.
Remember to exercise caution when using P2P exchanges and ensure you are transacting with a reputable individual.