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RSK Infrastructure Framework (RIF) is the 403rd largest cryptocurrency in the world by market cap, valued at $56,893,916. The current price of RSK Infrastructure Framework is $0.060505, which is 1.121% higher than yesterday. Prices have ranged between $0.06211 and $0.059392 over the past 24 hours. All prices are listed in US dollars and accurate as of February 03, 2023 12:02 UTC.
In its simplest sense, RSK Infrastructure Framework (RIF) is an open source-based, decentralized suite of infrastructure protocols that runs atop the Bitcoin network. As a result, it’s able to help make the ecosystem faster as well as spur the creation of many scalable, unique dApps.
Alternatively, the platform can be considered a third-layer BTC solution that leverages the power of smart contracts.
RIF is an ERC-677-based utility token used to facilitate a variety of transactions within the RSK ecosystem, such as all the services and dApps. Not only that, the token can also be staked as collateral for minting the RIF Dollar (RDOC).
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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