What is RSK Infrastructure Framework Token?
Cryptos have enlarged their use cases over the years, with new inventions knocking the space every new day. Besides a novel concept of DeFi, NFT and the most recent AI-based tokens have risen the standards of the crypto space, enhancing the adoption. Moreover, some of the projects were built on top of the existing projects called Layer-2 which enhanced the performance of the Layer-1 chain.
RSF(Rootstack) Infrastructure Framework is the Layer-3 network built on Bitcoin offering a wide range of solutions from payments, storage, domain (RNS), etc. It is an open-source, decentralized platform intending to simplify building products on DeFi which are easily accessible. It offers a toolkit of protocols and interfaces to speed up the creation of products and services, addressing users’ financial needs.
The platform is powered by its native currency RIF which is used to benefit the ecosystem. The holder can use any services built using a RIF token that may be advantageous. They can also participate in the network providing tools that could help to build a global economy widely available for all,
| Launch Date | 2015 |
| Founder | Sergio Demain Lerner |
| Blockchain Protocol | Bitcoin |
| Native Token | RIF |
| Market Cap | $162.83 million |
| Token Type | Native token |
| Circulating Supply | 946,720,003 RIF |
| Max Supply | 1 billion |
| Consensus Method | Proof-of-Work |
Who Are the Founders of the RSK Infrastructure Framework?
The RSK Infrastructure Framework was founded by Sergio Demian Lerner. He holds a Computer Science degree from UBA, Argentina, and carries vast experience in developing real-time medical systems, data acquisition, digital signal analysis, and algorithm design. He is a Software expert and firmware developer who has led many hi-tech projects. He has also designed and developed several security systems with cryptography and more than 15 neuro-medical products which are approved by the government.
How Does RSK Infrastructure Framework Work
RSK Infrastructure Framework works smoothly and efficiently as it is comprised of the below-mentioned components
RIF Open Standard
It is a combination of open and decentralized protocols enabling faster, easier, and more scalable development of dApps. The developers can also access a variety of services across multiple crypto-economies. It also enables broad interoperability and faster time deployment.
RIF Name Service
It is a decentralized service allowing users to have a readable domain that is used to identify other resources such as payment or communication addresses.
RIF Lumino Network
It is a third-layer solution to the Bitcoin network that enables other tokens to be built on RSK with high transaction speed and low-cost
RIF Market Place & Gateways
Market place provides a one-stop solution for a wide variety of decentralized services while Gateways develops tools and technologies allowing dApps to connect seamlessly to the external world.
What Makes RSK Infrastructure Framework Unique-Uses Cases?
RIF Toolkit
The RIF toolkit consists of protocols and interfaces that speed up the creation of products and services addressing everyday financial needs.
Highly Scalable
The transactions over the network are secured and achieve an optimum result. Hence the industry pioneers use RIF to develop useful, affordable, and scalable decentralized products on the blockchain.
RIF Token
The token holders can use the services built with RIF and get benefitted with along with the growing ecosystem. They can also participate in the governance of the platform
RSK Infrastructure Framework Price Analysis
Source: Tradingview
- The RIF price witnessed a massive surge in the last few days and raised the levels beyond $0.2 for the first time since December 2021
- The price still carries the fear of a significant drop as it is hovering within a rising wedge which is primed to drag the value of the token lower
- Moreover, the Bollinger bands are expanded which may drop the prices towards the middle bands
- Else if another bullish wave kicks off, the price may rise above the resistance to test higher targets
| RSK Infrastructure Framework Price Today | $0.1783 |
| Price Change <Yearly> | +22.4% |
| Market Dominance | 0.02% |
| Market Rank (as per CMC) | 179 |
| Market Cap | $168.8 million |
| Fully Diluted Market Cap | $184.2 million |
| ATH | $0.4591 |
| ATL | $0.0273 |
How to Buy RSK Infrastructure Framework in India?
If you looking for the best platform to buy RIF, then follow the below-mentioned steps,
- Download the CoinDCX App
- Enter the details required for registration
- Complete KYC
- After verification of your profile, fund your wallet and buy RIF token
