Draft:RootstockLabs
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Comment: CoinDesk is considered "generally unreliable" (see WP:COINDESK for more info). bonadea contributions talk 17:55, 11 August 2026 (UTC)
- Comment: In accordance with the Wikimedia Foundation's Terms of Use, I disclose that I have been paid by my employer for my contributions to this article. FareemC (talk) 17:43, 11 August 2026 (UTC)
RootstockLabs is a blockchain technology company and a contributor to Rootstock, a Bitcoin sidechain designed to support smart contracts and applications compatible with the Ethereum Virtual Machine. The company was previously known as IOV Labs and traces its origins to RSK Labs, co-founded by Diego Gutiérrez Zaldívar and Sergio Demian Lerner to develop the Rootstock network.[1][2]
RootstockLabs is based in Gibraltar.[3] The company has developed and supported infrastructure associated with the Rootstock ecosystem, including technologies intended to enable smart contracts and financial applications using Bitcoin.[4]
History
RSK Labs and the development of Rootstock
Rootstock originated as a project intended to bring more advanced smart-contract functionality to Bitcoin through a separate blockchain connected to the Bitcoin network. RSK Labs was co-founded by Argentine entrepreneurs and developers Diego Gutiérrez Zaldívar and Sergio Demian Lerner to support the development of the technology.[1][2]
In March 2016, RSK Labs raised US$1 million in seed funding to support development of Rootstock. The funding round was led by Bitcoin mining company Bitmain and included participation from Digital Currency Group and Coinsilium.[5]
The project was designed as a Bitcoin sidechain capable of supporting smart contracts while using bitcoin as its underlying asset. RSK Labs also sought compatibility with applications and development tools used in the Ethereum ecosystem.[5]
In May 2017, RSK Labs raised an additional US$3.5 million in funding. At the same time, the company opened its Ginger test network to the public. The test network allowed developers to experiment with smart contracts and applications using the Rootstock technology before the launch of the main network.[6]
The Rootstock main network launched in January 2018.[3][2]
RIF Labs and IOV Labs
In November 2018, Gibraltar-based RIF Labs agreed to acquire RSK Labs. The transaction brought RSK Labs and its technology into RIF Labs, which continued supporting development of Rootstock alongside the RSK Infrastructure Framework, known as RIF.[7][2]
In 2019, RIF Labs adopted the name IOV Labs. The company said the change was intended to distinguish the corporate organization from the open-source Rootstock and RIF projects.[8]
In September 2019, IOV Labs acquired Taringa!, a Spanish-language social networking platform with a large user base in Latin America. IOV Labs said it intended to use the platform to explore applications and services based on Rootstock and RIF technologies.[3]
In 2020, IOV Labs released a light client for the Lumino Payments Network, an off-chain payments system built around Rootstock. The client was intended to allow mobile applications and wallets to interact with the network without operating a full node.[4]
RootstockLabs
IOV Labs later rebranded as RootstockLabs, reflecting a greater focus on the Rootstock ecosystem.[2]
RootstockLabs is focussed on developing infrastructure for Bitcoin-based financial applications, including lending, payments, treasury tools and tokenized assets. These applications are built using Rootstock's smart-contract capabilities while retaining a connection to Bitcoin.
RootstockLabs has continued to contribute to the development of Rootstock and related infrastructure while remaining organizationally distinct from the open-source Rootstock network.[2]
Rootstock
Rootstock is a permissionless Bitcoin sidechain designed to support programmable smart contracts and decentralized applications. It operates as a separate blockchain connected to Bitcoin and supports applications compatible with the Ethereum Virtual Machine.[6][2]
The network uses an asset known as rBTC for transaction fees and smart-contract execution. rBTC is designed to maintain a one-to-one relationship with bitcoin transferred between the Bitcoin and Rootstock networks.[2]
Rootstock uses merged mining, allowing Bitcoin miners to contribute computing power to the Rootstock network while mining Bitcoin.[2]
Rootstock is open-source and is distinct from RootstockLabs, although RootstockLabs has been one of the principal organizations contributing to its development.[2]
See also
References
- ^ a b "About Us". RootstockLabs. Retrieved 11 August 2026.
- ^ a b c d e f g h i j Liang, Kimberly; Gunkan; Weiler, Austin (1 October 2024). "Understanding Rootstock: A Comprehensive Overview". Messari. Retrieved 11 August 2026.
- ^ a b c Foxley, William (27 September 2019). "RSK Creators Acquire Spanish Social Network". CoinDesk. Retrieved 11 August 2026.
- ^ a b Nelson, Danny (13 May 2020). "IOV Labs Takes on Lightning Network With New Light Client". CoinDesk. Retrieved 11 August 2026.
- ^ a b Higgins, Stan (21 March 2016). "Rootstock Raises $1 Million to Bring Smart Contracts to Bitcoin". CoinDesk. Retrieved 11 August 2026.
- ^ a b Castor, Amy (22 May 2017). "RSK Raises $3.5 Million, Launches Bitcoin Smart Contract Testnet". CoinDesk. Retrieved 11 August 2026.
- ^ "Coinsilium investee company RSK Labs to be acquired by RIF Labs". Proactive Investors. 19 November 2018. Retrieved 11 August 2026.
- ^ "IOV Labs Launch". Rootstock. 13 May 2019. Retrieved 11 August 2026.
External links
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