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Exploring the RIF Token: Bringing Utility to Bitcoin

Author
HackerNoon
Published
Wed 04 Dec 2024
Episode Link
https://share.transistor.fm/s/44e17590

This story was originally published on HackerNoon at: https://hackernoon.com/exploring-the-rif-token-bringing-utility-to-bitcoin.

Learn how the RIF token unlocks DeFi, governance, and improved UX on Bitcoin's leading sidechain, Rootstock.

Check more stories related to web3 at: https://hackernoon.com/c/web3.
You can also check exclusive content about #rootstock, #rif-token, #staking-rif, #erc677-standard, #building-on-bitcoin, #usdrif-stablecoin, #rootstockcollective-dao, #good-company, and more.




This story was written by: @ashumerie. Learn more about this writer by checking @ashumerie's about page,
and for more stories, please visit hackernoon.com.





The RIF token powers the Rootstock ecosystem, Bitcoin’s first EVM-compatible sidechain, enabling decentralized governance, staking, and stablecoins like USDRIF. Built on the ERC677 standard, RIF enhances Bitcoin's usability while supporting developers through rewards and governance rights. It bridges the gap between Bitcoin's robust security and Ethereum's programmability.

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