Multichain Adds Support for Bitcoin Sidechain RSK
Cross-chain protocol Multichain has recently integrated the second layer solution for Bitcoin Rootstock (RSK).
RSK is the first crypto sidechain network fully compatible with the Ethereum Virtual Machine. The protocol is one of the fastest growing DeFi ecosystems for Bitcoin.
Multichain is compatible with more than 53 blockchains, over 2,400 cross-chain bridges and thousands of assets. The TVL in the protocol is more than $3 billion.
The Multichain team has said that the integration provides RSK-based developers with multiple benefits. For example, they do not need to spend resources building bridges to access capital and targeted markets. In addition, they spend less time bringing new products to market.
Users can start transferring ETH, USDC, BUSD, BNB, WBTC, DAI and other assets between RSK, Ethereum and soon BNB Chain.