Rootstock, known as the premier and most enduring Bitcoin sidechain, has recently witnessed an unprecedented surge in transactions and the incorporation of numerous novel dApps, bridges, and wallets within the past three months. The development team focuses on advancing growth and enhancements in the upcoming year. Block explorer data unveils that the Rootstock network has processed over 13 million transactions, averaging more than 45,000 transactions each month. This data emphasizes Rootstock's robust security measures and uninterrupted operation, sustaining a 100% uptime record since its initiation in January 2018.
Throughout the recent quarter, Rootstock has assimilated over 25 dApps and protocols into its ecosystem, presenting users with fresh opportunities to engage, construct, and expand within the platform. The Rootstock roadmap outlines Rootstock Improvement Proposals (RSKIPs) aiming to accelerate transaction speeds, enhance user-friendliness, and further decentralize the network.
Significant milestones encompass the reduction of transaction confirmation durations from 30 to a mere 5 seconds, facilitating non-custodial swaps between the Lightning Network (LN-BTC) and Rootstock (RBTC), transforming PowPeg into a SegWit-compatible 2-Way Peg, establishing a bridge for Bitcoin native assets, and forging a trust-minimized bridge connecting Bitcoin and Rootstock without necessitating alterations to the Bitcoin consensus protocol.
Henrik Jondell, the Chief Technology Officer at RootstockLabs, expressed enthusiasm regarding the recent achievements in Rootstock's expansion, affirming its status as one of the most utilized Bitcoin layer 2 solutions for cryptocurrencies. The heightened array of features and accessibility has significantly broadened its user base.