How to Convert R-BTCs in BTCs Using RSK’s Powpeg Protocol

Written by rootstock_io | Published 2021/03/22
Tech Story Tags: rsk | powpeg | cryptocurrency | ethereum | good-company | btc-and-r-btc | pegout | convert-r-btc

TLDR The Powpeg is RSK’s 2-way peg protocol used to do conversions between BTC and R-BTC. It protects private keys stored in special purpose PowHSMs based on tamper-proof secure elements, using a layered design which is referred to as defense-in-depth. The minimum amount to send must be greater than 0.005 tR-BTC for Testnet, so you must be careful not to do something wrong and lose your “real” funds.via the TL;DR App

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Written by rootstock_io | Smart Contract Platform On Top of Bitcoin
Published by HackerNoon on 2021/03/22