RIF, short for Rootstock Infrastructure Framework, is a collection of decentralized protocols that are open-source and designed to facilitate the development and deployment of decentralized applications (dApps). By providing a unified environment, RIF protocols offer an accessible and streamlined blockchain infrastructure framework for developers and organizations. This innovation is based on the Rootstock (RSK) Smart Contract Network, which is the first open-source smart contract platform secured by the Bitcoin Network.
RIF operates by offering a comprehensive suite of protocols that enable access to various services across multiple crypto-economies. One of the key components of RIF is the RIF Name Service (RNS), which is a decentralized service that allows users to have readable domains or aliases. This service simplifies the interaction with blockchain technologies by providing easily identifiable personal resources like payment or communication addresses.
RIF also comprises several other protocols and services that enhance its functionality and attractiveness. For instance, RIF Wallet is a full-stack library that integrates crypto lending, saving, and payment services. RIF Rollup utilizes zkRollup Technology to facilitate fast and scalable low-cost payments, while RIF Flyover enables fast transfers between Bitcoin and RSK. Additionally, RIF Relay provides a sponsored transaction system that enables users to pay transaction fees with ERC-20 tokens, thereby simplifying the user experience.
RIF's total supply and circulating supply both amount to 1,000,000,000.
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