Guide to Rif On Chain
ROC English
ROC English
  • About RIF On Chain
  • GETTING STARTED
    • What do I need to know first
    • Using ROC dapp with Testnet
    • Wallet setup
      • Wallet setup for Beginners
        • Mobile wallet
        • Web3 wallet
      • Wallet setup for Advanced users
      • Hardware wallet setup
        • Ledger
          • Installing Ledger Live
          • Configuring wallet
          • Installing applications
          • Logging in to the platform
        • Trezor
          • Installing Trezor Suite
          • Configuring the wallet
          • Logging in to the platform
    • Getting rBTC
      • Getting rBTC with the 2waypeg app
        • Using the app
          • BTC to RBTC
          • RBTC to BTC
      • Getting rBTC with LNp2pbot
    • How to Access the Platform
      • With a mobile wallet
      • With a web3 wallet
    • How to get tokens
      • How to mint RIFPro
      • How to mint USDRIF
      • How to convert RDOC to USDRIF
        • Using RIF on Chain dApp
      • Where do I buy tokens?
      • How to get MoC tokens in the TEX
      • How to claim MoC Tokens from Liquidity Mining
    • How to stake MOC tokens
    • How to exchange in the TEX
    • How to vote in MOC governance
  • Frequently Asked Questions
    • Web App FAQ
  • Integrators
    • Resources
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  1. GETTING STARTED
  2. Getting rBTC

Getting rBTC with the 2waypeg app

What exactly is a peg-in?

Peg-in is the standard term for the process that transfers Bitcoins from the Bitcoin network to the RSK network.

A peg-in:

  • Converts BTC to RBTC

  • Locks BTC on the Bitcoin network

  • Releases RBTC on the RSK network

How does the RSK PowPeg work?

A two-way peg protocol is a protocol that allows transfers of a cryptocurrency from a main blockchain to a secondary blockchain and vice versa. It requires low third-party trust.

In the case of RSK, the main blockchain is Bitcoin, and the secondary blockchain is RSK. Every RBTC (or fraction of RBTC) unlocked in the RSK platform requires BTC to be locked on the Bitcoin blockchain. This mechanism ensures there is a one-to-one relationship between BTC and RBTC (1 BTC = 1 RBTC), which is guaranteed by the RSK protocol.

Powpeg uses the security features of a Hardware Security Module alongside RSK’s consensus layer, based on Bitcoin merged mining.

In the following pages, you will see 2 ways of getting rBTC with the 2 Way Peg.

PreviousGetting rBTCNextUsing the app

Last updated 5 months ago

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