Logo RSK Infrastructure Framework RIF

Decentralised Sharing Economy built on RSK

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What is RSK Infrastructure Framework?

RSK infrastructure Framework or RIF is a smart contract that is built with alignment to the bitcoin network through a 1:1 peg. RIF smart contract is Turing Complete and therefore is a general purpose smart contract similar to that of Ethereum. RIF main goal is decentralised sharing economy, allowing individuals to interact with each other on a peer-to-peer basis secured by the smart contract. RIF provides a number of services such as RIF Marketplace, RIF Indentity, RIF Storage, RIF Communications, RIF Payments, and RIF gateways. The main key point with RIF is that its smart contract is built on top of bitcoin through pegging mining rewards of RIF (RBTC token) with BTC. Therefore, RIF miners are rewarded with RBTC that depends on the value of BTC, thus contribute indirectly to the value of BTC.

There are two main tokens in the RSK Infrastructure Framework: RBTC and RIF. RBTC is pegged 1:1 with BTC and is used as the mining reward for miners. Therefore, any increase of transaction fees will be absorbed into RBTC (and thus BTC) thus freeing the RIF token from any volatility in the smart contract environment. RIF token on the other hand, is used to access services in the RIF smart contract. These include all the RIF services mentioned above, and also other apps, products and services built on the RIF smart contract. RIF is an ERC-677 token with a maximum supply of 1 billion tokens.



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