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BRZ integrates with Rootstock and incorporates Bitcoin’s blockchain security

BRZ integrates with Rootstock and incorporates Bitcoin’s blockchain security

Brazilian cryptocurrency is officially integrated with Rootstock, a blockchain that unites Bitcoin’s security with Ethereum’s smart contracts

BRZ, the world’s largest stablecoin paired to a national currency other than the dollar, is officially integrated with Rootstock, a Bitcoin sidechain able to execute Ethereum’s smart contracts. “Rootstock combines the best of both worlds: the security of Bitcoin and the power of Ethereum’s smart contracts,” says Transfero’s Blockchain Developer, Solange Gueiros.

With BRZ available on Rootstock, its holders will have lower transaction costs than on the Ethereum network. Currently, transaction costs on Rootstock are almost 2,000% lower compared to those on the blockchain created by Vitalik Buterin. On July 6, those costs were 3,000% lower.

The BRZ on Rootstock also incorporates the security of Bitcoin’s blockchain, considered the most stable and secure in the world. This is because generally more than 50% of the miners in the Bitcoin network also do the validation of Rootstock transactions. This represents a large hashpower (mining computing power) that brings the security of Bitcoin’s network to Rootstock.

This feature appeals mainly to Bitcoin maximalists, people who trust Bitcoin but not other blockchains. So with BRZ on Rootstock, bitcoiners can use Brazilian cryptocurrency on a network they fully trust. The BRZ is also already deployed on this blockchain integrated with wallets that use this environment.

BRZ on Rootstock opens up more possibilities on DeFi platforms

Since Rootstock has the ability to run smart contracts on the Bitcoin network, this opens up a huge range of possibilities for using the Brazilian cryptocurrency on DeFi (acronym for decentralized finance) platforms. Thus, using the BRZ in DeFi applications on Rootstock means harnessing the full potential of decentralized finance.

Currently, there are several DeFi products and protocols developed on Rootstock. Some, like RootstockSwap, came from Ethereum; others, like Money On Chain, were created exclusively on Rootstock. Also, oracles like Chainlink as well as stablecoins are already present on Rootstock.

The integration of BRZ with Rootstock also provides greater flexibility of use for the Brazilian cryptocurrency. That is because since this blockchain can use the same smart contracts as Ethereum, they only need to be published on the Rootstock network.

Worldwide, the BRZ is the largest stablecoin paired to a national currency, other than the dollar, having reached in May of this year the mark of 1 billion tokens issued. With BRZ, you can move balances between international platforms in seconds via blockchain technology, and it is also a hedging instrument for digital assets.

About Rootstock

Rootstock is the first, biggest, and longest lasting Bitcoin sidechain. It is the only Bitcoin layer 2 that combines the security of Bitcoin’s proof-of-work, with Ethereum’s smart contract capabilities.

Rootstock is open-source, EVM-compatible, and secured by over 60% of Bitcoin’s hashing power, which makes it a gateway to a vibrant ecosystem of dApps that continues to evolve to become fully trustless. 

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