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0-2 How to connect to RSK ?
How to exchange tokens and stake on the Rootstock chain

A - WHAT IS RSK?

RSK is the first BTC sidechain which allows the deployment of smart contracts on the BTC secured Network for developers.
This allows them to create new Dapps for us users, so we can benefit from the advantages of Defi on this Network, using RBTC as the decentralized currency (and for the transaction, as BNB for the Binance Smart Chain).

B - WHAT IS A SIDECHAIN ?

A sidechain is a side blockchain that is linked to another blockchain, referred to as the main chain, via a two-way peg.
Rsk is a blockchain that is connected to Bitcoin through merged contract mining and the two-way peg (called the bridge).

C - WHAT IS RBTC ?

RBTC, also called « smart BTC », is the currency used inside the RSK Network in order to interact with smart contracts.
RBTC as a 1 :1 to BTC ratio.

D- HOW TO CONNECT YOUR WALLET TO RSK?

In order to get some RBTC and use it in the RSK Defi Ecosystem, you need the have a RBTC compatible wallet, and then send some RBTC in it.
Creating a RBTC wallet :
Let’s see how we can achieve this task with two examples/options :
Option 1 - Configure Metamask on the RSK Network
The RPC to use for RSK
Now you've set up your Metamask account for RSK !
You have now configured Metamask for the RSK Network, you can now send and receive RBTC directly there!
Option 2 - Using rWallet :
Follow the installation instructions and make sure you save your seed phrase somewhere!
rWallet display
You have now created a brand new RSK compatible wallet and you can now send and receive some RBTC directly there!

E - HOW TO SEND RBTC TO YOUR WALLET? :

Let’s explore two options here:
Option 1 - Buying RBTC on Kucoin
Go to Kucoin and look for the RBTC/BTC trading pair.
Trade BTC for RBTC (1 :1 ratio)
You have now some RBTC and a RSK RBTC wallet address on Kucoin.
Buying RBTC on Kucoin
Option 2 - Sending rBTC to your RSK wallet :
Open Metamask or rWallet, click on RBTC and on « receive » to show your RBTC Address.
Copy your RBTC wallet address.
Open KUCOIN, go to your RBTC amount and click on « Withdraw »
Paste your RBTC wallet address there.
Select the amount you want to withdraw and click Send. Here you are - Ready to start your TeaSwap journey on RSK !
Last modified 3mo ago