I'm wondering what you guys think of #rootstock and other #sidechains on top of #Bitcoin that are trying to bring more capability?
Rootstock (RSK) operates with RBTC, which is pegged 1:1 with BTC. The total supply of RBTC is dynamic and depends on how much Bitcoin has been locked into the sidechain. Since RBTC is not a separate currency but a 1:1 representation of BTC on the Rootstock sidechain, there is no fixed supply of RBTC like other altcoins.
As for the allocation to founders and early investors, early reports indicated that a portion of the RBTC supply was allocated to the founding team, RSK Labs, and other early contributors to incentivize development. However, the exact amount of RBTC that founders and investors received or control is not publicly detailed in terms of a specific percentage, and much of the supply of RBTC fluctuates based on how much BTC is locked into the RSK sidechain at any given time.
RSK uses a federation model, meaning a group of trusted parties manages the BTC-to-RBTC conversion, adding a layer of decentralization. The majority of RBTC in circulation would be from BTC locked into the sidechain by users, with only a small initial portion allocated to early contributors for development purposes.
For exact figures or any updates, you might need to refer to Rootstock's governance or updated reports from RSK Labs, as this information could be more transparent in their technical or financial disclosures.
