Sergio Lerner, the well-known blockchain and cryptocurrency security expert who is also part of Rootstock, was present at LaBitConf Mexico yesterday. While at the event, he released the white paper titled RootStock Platform – Bitcoin Powered Smart Contracts . In an interview with a NewsBTC representative, he explains about RootStock, its comparison with Ethereum and Bitcoin, and also its security features.
While explaining about the platform, Sergio made it clear that RootStock is not a fork of Ethereum, as many tend to believe. The development of RootStock had begun almost a year before Ethereum, and it is just a coincidence that both RootStock and Ethereum are working on creating blockchain-based smart contracts. The developers at RootStock have created a cross-compatible platform by including Ethereum opcode. To make it more user friendly, the platform uses the Web3 interface, similar to that of Ethereum.
RootStock offers a great deal of flexibility when it comes to applications. The platform is capable of running applications developed for Ethereum, as well; this cross-compatibility between RootStock and Ethereum is a step towards creating a universal standard for smart contracts. It also allows developers to pick either of the platforms to develop their applications and not worry about any compatibility issues arising later on. Security
RootStock has implemented a federated system as the first stage of security. The federation offers checkpoints for the network, which supplements for the lax security until RootStock on-boards 51% of the miners.
The federation service runs a node in a controlled environment. The secure node forms a backbone connection to miners to act as a checkpoint and a reference node. Other nodes will use the secure checkpoint to differentiate between good and bad blocks, and detect forks or Sybil attacks on the network. In case of an anomaly, the node can stop transactions to […]
