Rootstock on Cookbook

What is Rootstock?

Rootstock is the Smart Contract platform of Bitcoin. Its engine is a forked version of the EVM (Ethereum Virtual Machine), and the RVM (Rootstock Virtual Machine) is compatible with Ethereum Smart Contracts and the tools used to deploy and interact with them. The Smart Bitcoin (RBTC) is the native currency in Rootstock and it is used to pay for the gas required for the execution of transactions. It is pegged 1:1 with Bitcoin, which means in Rootstock there are exactly 21M RBTC. A Powpeg allows the transfer of bitcoins from the Bitcoin blockchain to the Rootstock blockchain and vice-versa.