RBTC
is the native token of the RSK Mainnet
and is pegged 1:1 to BTC

It’s used as gas to pay for smart contract execution on the network, such as the transaction fee for trading RSK ecosystem tokens, the same way as ETH is used as gas for Ethereum.

Introducing RBTC

Get RBTC

You can use wallets and DeFi protocols in the RSK ecosystem to get RBTC and start transacting on the RSK network.

Get RBTC with Bitfinex

Get RBTC with Bisq

Get RBTC with Exolix

Get RBTC with Defiant

Get RBTC with Liquality

Get RBTC with Sovryn

Get RBTC with Powpeg


Send RBTC

Transfer RBTC between accounts using Metamask


Convert RBTC to BTC

Using the RSK Powpeg peg-out process

FAQ

You can get RBTC from Sovryn, Defiant, Liquality, Bitfinex, the Powpeg, Bisq, and Exolix. Check out the tutorial videos above for instructions on getting RBTC from these platforms.
RSK is currently supported in a number of different software and hardware wallets. Check RBTC for more info.
RBTC is listed in exchanges to make it easier for less technical users to get access to it. It takes almost a day to transfer BTC to RBTC using the peg. Users at least need small amounts of RBTC to pay for transaction fees, required for smart contract execution. Exchanges help to to cater to the expected growth in demand for RBTC.

The native mechanism for transferring bitcoins to RSK (“peg-in”) and vice versa (“peg-out”) is provided by the 2-Way Peg. In practice, when a user pegs-in, the user funds are locked in the Bitcoin blockchain and the same amount of BTC is unlocked in the RSK blockchain. When a user requests a peg-out the bitcoins on RSK get locked in the RSK blockchain and the same amount of BTC is unlocked in the Bitcoin blockchain. A security protocol ensures that the same bitcoins cannot be unlocked on both blockchains at the same time. This requires transaction finality, and that’s the reason the peg required hundreds of block confirmations for transactions that unlock bitcoins.

Since not every user is willing to wait for the required number of block confirmations, exchanges offer a faster mechanism of getting BTC/RBTC, while charging users with exchanges fees.

This blog post explains in detail: RSK’s Pow Peg design

Additionally, for more information, visit the Powpeg mechanism.

Subscribe to our Newsletter