Uniswap v3 Deploys on Bitcoin Scaling Protocol Rootstock Popular Ethereum-based automated
market maker (AMM) Uniswap has launched its version 3 (v3) on the Rootstock blockchain protocol. According to an emailed announcement shared with Coindesk,
the deployment was carried out by the GFX Labs team, the development hub of the popular trading hub Oku. With this latest launch,
smart contract-powered transactions can seamlessly be executed on the world’s largest blockchain protocol, further expanding the use cases of the decentralized finance
(DeFi) ecosystem. Rootstock is a layer-2 scaling solution operating on the Bitcoin network. Combining the optimum security apparatus the proof-of-work (PoW) blockchain network is famous for,
Rootstock touts itself as the liquidity hub for DeFi trades on the Bitcoin network. The platform is fully compatible with all Ethereum Virtual Machine (EVM) powered decentralized applications (dApps) and allows users to tap into the liquidity of the
popular crypto asset. Like its parent network,
Rootstock is powered by a wrapped version of Bitcoin known as smart BTC (RBTC).
