Bitcoin is one of the most important inventions in all of human history. For the first time ever, anyone can send or receive any amount of money with anyone else, anywhere on the planet, conveniently and without restriction. It’s the dawn of a better, more free world.
Formerly known as Rootstock, the startup has long been lauded for its potential to pave the way for the implementation of ethereum-style smart contracts on bitcoin, something enthusiasts believe will keep the world's largest cryptocurrency competitive with the platform that arguably pioneered the idea that more complex self-executing code could be run on a blockchain.
But while it would be easy enough for bitcoin users that want more complex smart contracts to merely make the switch, some users believe that, as bitcoin is the largest and most secure cryptocurrency, more experimental features that debut on other networks will eventually make their way to its network. The idea is that in doing so, they can capitalize on bitcoin's impressive startup infrastructure and serve different users.
Yet, RSK's version of the functionality doesn't quite upgrade the bitcoin blockchain itself. The capability will rather be brought to bitcoin via a sidechain, which moves tokens from the main bitcoin blockchain to a compatible network operated with the help of 25 companies.
Still, RSK CEO Diego Gutierrez Zaldivar believes the advance will effectively provide the same level of utility to potential users.
"This is the first time that there's going to be a smart contract platform powered by the bitcoin network." Oliver Dale
You are not able to purchase POWR with “Fiat” currency so you will need to first purchase another currency – the easiest to buy are Bitcoin or Ethereum which you can do at Coinbase using a bank transfer or debit / credit card purchase and then swap that for POWR at an exchange such as Binance.
You will have to carry out some identity verification when signing up as they have to adhere to strict financial guidelines. Make sure you use our link to signup you will be credited with $10 in free bitcoin when you make your first purchase of $100