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PowPeg

PowPeg facilitates two-way asset transfers between Bitcoin and Rootstock networks through specialized hardware security modules and multi-signature protocols. The system uses merge-mining consensus and tamper-proof PowHSM devices to secure Bitcoin deposits without human intervention.
Category: Bridge

Rootstock

Rootstock is a sidechain built on the Bitcoin network, providing a platform for smart contracts and dApps. It combines the security of Bitcoin with the flexibility of Ethereum-like smart contract capabilities. Rootstock allows developers to build dApps using familiar tools while benefiting from Bitcoin’s robust security model. The platform aims to enhance Bitcoin's functionality by enabling DeFi and other blockchain applications on its network​.
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Funding Rounds

Funding Round: Series A
Funding Date: 1 May, 2017
Raised Amount: $3.5M
Funding Round: ICO
Funding Date: 21 Mar, 2016
Raised Amount: $1M
Funding Round: Seed
Funding Date: 1 Mar, 2016
Raised Amount: $1M
Funding Round: Unknown
Funding Date: 1 Jan, 2016
Raised Amount: $100K

Investors