RIF (Rootstock Infrastructure Framework) is a third layer built on top of Bitcoin that offers a variety of blockchain-based services like payments, storage, and domaining (RNS). It's a tech stack that requires the RIF token to use the services. RIF aspires to build collaborative marketplaces in which people interact on a peer-to-peer basis, guided by immutable smart contracts, to exchange information, goods, and services with complete control and transparency.
The RIF token is the RIF's ERC-677 utility token, allowing any token holder to use the RSK architecture's services and dApps.
On the network's dApps, RIF can be used as a payment token. It can also be staked as collateral for minting RIF Dollar (RDOC) and other assets within the RIF DeFi ecosystem.
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