RIF Labs Launches 3rd-Layer Scalability Solution Capable of Processing Up to 5K TPS

RIF Labs — owner of bitcoin-based smart contract sidechain Rootstock (RSK) developer RSK Labs — has launched a third-layer scalability solution capable of processing up to 5,000 transactions per second. The news was revealed in a press release from RIF News on May 14. As reported, RSK Labs and its decentralized app (DApp) infrastructure protocols RIF OS began as a spin-off from Rootstock, having been initially launched by several senior executives from the latter’s creator — the startup RSK Labs. The two structures became fully integrated when RIF Labs acquired…

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Bitcoin Smart Contract Protocol Rootstock Acquired by Spin-off Project RIF Labs

Bitcoin-based smart contract protocol Rootstock (RSK) is integrating with spin-off project RIF OS to expand its scope of operations, the parties confirmed in two separate blog posts Nov. 18. As part of the deal, RIF Labs, the structure behind off-chain infrastructure layer RIF OS, will acquire RSK’s counterpart RSK Labs. RIF started out as a side project from the same executives who held senior positions at RSK. Together, they plan to enable the RSK protocol to go beyond Bitcoin and Ethereum network support and include various P2P functions. “The three…

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