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RSK’s token spikes 30% after founder appears on podcast

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RIF, the utility token for good contract community RSK, shot up over 30% in worth after an appearance by its founder on the Jan. 13 version of The Pomp Podcast. The achieve equates to a $36 million enhance in market cap for RIF, most of which has occurred within the final 12 hours.

RIF, quick for “RSK Infrastructure Framework,” is the token used as fee for decentralized infrastructure providers which function below the RSK protocol, corresponding to e-commerce options and network bridges. Providers are bought at a market hosted by the community and are constructed utilizing RSK’s protocol. This renders them interoperable amongst numerous good contract-enabled platforms like Ethereum and EOS.

Throughout the hour-long interview RSK and IOVLabs founder Diego Gutierrez-Zaldivar mentioned the origins of his fascination with Bitcoin, the genesis of RSK and IOVLabs, and why he’s assured that 2021 will likely be a productive 12 months by way of readying Bitcoin’s infrastructure for mass adoption.

He additionally fielded questions from listeners and supplied his opinion on numerous scorching topics, together with censorship by service suppliers, DeFi, and what he thought the endgame must be for builders in his trade.

“The primary decentralized finance protocol is Bitcoin. The last word objective is to supply all of the monetary providers that as we speak exist in centralized fashions, to supply them in a peer-to-peer, decentralized style.”

Gutierrez-Zaldivar praised Ethereum’s successes whereas reiterating his long-held perception that Bitcoin must be the bottom layer for improvement of good contracts operating on decentralized networks. His conclusion relies on six years expertise developing bridges to attach unbiased crypto platforms.

“I’m totally in keeping with the goals of Ethereum. Possibly the primary distinction is I feel the underside layer must be Bitcoin, since you want a retailer of worth that’s as censorship-resistant — as impartial — as potential.”

With a roadmap for RSK that extends over a decade into the long run, Gutierrez-Zaldivar pressured a long-term mindset for his firm and hopes that in the future it will likely be “an essential safety layer for the Bitcoin financial system and infrastructure.”

Gutierrez-Zaldivar believes that RSK displays a fruits of advances made in decentralized software program and that in 2021 the entire parts essential for “crypto techniques to work precisely as fintech” can be found, with the final step getting the techniques to converge.

“These applied sciences have the potential of together with half of the inhabitants that’s excluded as we speak by the monetary system and due to this fact doomed to be poor endlessly, as a result of they don’t have the means to progress and develop. That’s why I feel that is so related and that’s why we’re doing what we do.”

On Jan. 6, Binance announced that it will listing RIF buying and selling pairs. The worth of RIF is at the moment up 40% because the begin of the 12 months.