$ 0.112 USD
$ 0.112 USD
$ 117.077 million USD
$ 117.077m USD
$ 41.508 million USD
$ 41.508m USD
$ 76.629 million USD
$ 76.629m USD
1 billion RIF
Issue Time
2018-11-10
Platform pertained to
--
Current price
$0.112USD
Market Cap
$117.077mUSD
Volume of Transaction
24h
$41.508mUSD
Circulating supply
1bRIF
Volume of Transaction
7d
$76.629mUSD
Change
24h
-4.8%
Number of Markets
86
Current Rate0
0.00USD
3H
+0.09%
1D
-4.8%
1W
+8.44%
1M
+12.47%
1Y
+18.32%
All
-45.59%
Aspect | Information |
Short Name | RIF |
Full Name | RSK Infrastructure Framework |
Support Exchanges | Coincarp, KuCoin, Binance, Gate.io, MEXC, Bitget, BingX, LBank |
Storage Wallets | Ledger Nano X & Ledger Nano S, Beexo, Edge, Defiant, Liquality, MetaMask, MyEtherWallet, Bitfinex |
Customer Support | Contact form, social media: Telegram, Twitter, LinkedIn |
RIF, or RSK Infrastructure Framework, serves as a suite of interconnected protocols built on top of the RSK smart contract platform. Operating as a Bitcoin sidechain, RIF enables functionalities like smart contracts while leveraging the security of the Bitcoin network. It aims to bridge traditional finance with decentralized finance (DeFi), offering modular solutions such as decentralized identity management, secure data storage, and efficient digital payments.
Pros | Cons |
Modular Design | Dependence on Bitcoin Network |
Enhanced User Experience | Complexity in Setup |
Open-Source and Programmable | |
Security and Self-Custody |
Modular Design: The modular architecture of RIF allows for independent development of various functionalities like identity management and data storage, fostering innovation.
Enhanced User Experience: Offers a seamless onboarding process with web 3 usernames and gas fee-free transactions, making it user-friendly and accessible.
Open-Source and Programmable: Provides full control and flexibility to customize the wallet for specific business needs, ensuring adaptability and scalability.
Security and Self-Custody: Empowers users with full control over their assets and operates on secure Bitcoin and Rootstock blockchains, minimizing risks.
Cons:Dependence on Bitcoin Network: While leveraging Bitcoin's security is a strength, it also ties RIF's capabilities closely to Bitcoin's network, limiting independence in some scenarios.
Complexity in Setup: Implementing and customizing RIF for specific business needs requires technical expertise, which can pose a barrier for some users.
RIF Wallet is more than just a digital wallet; it's a powerful tool designed specifically for businesses to bring Bitcoin DeFi (Decentralized Finance) to their users.
Built for Businesses:
Enhanced User Experience:
Security and Control:
Technical Advantages:
Focus on Bridging Traditional Finance and DeFi: RIF positions itself as a bridge between traditional financial systems and the decentralized finance (DeFi) world. It seeks to enable real-world assets like invoices and securities to be represented and traded on the blockchain, creating a more efficient and transparent financial landscape.
Integration with Bitcoin Network: Unlike many other DeFi projects built on Ethereum, RIF leverages the security of the Bitcoin network through its connection with RSK. This can be appealing to users who value the established security of Bitcoin.
Modular Design: The RIF architecture is designed to be modular, allowing different functionalities to be developed as independent protocols within the RIF ecosystem. This modularity could foster innovation and cater to specific needs within the DeFi space.
RIF, or RSK Infrastructure Framework, functions as a suite of interconnected protocols built on top of the RSK smart contract platform. RSK itself is a sidechain connected to the Bitcoin network, enabling functionalities like smart contracts while leveraging Bitcoin's security.
Coincarp:
See this link for details on how to buy RIF: https://www.coincarp.com/investing/how-to-buy-rif/
KuCoin:
Step 1: Choose a CEX: Select a reliable and trustworthy crypto exchange that supports RIF Token (RIF) purchases. Consider the ease of use, fee structure, and supported payment methods when choosing a crypto exchange.
Step 2: Create an account: Enter the required information and set a secure password. Enable 2FA using Google Authenticator and other security settings to add an extra layer of security to your account.
Step 3: Verify your identity: A secure and reputed exchange will often ask you to complete KYC verification. Information required for KYC will vary based on your nationality and region. Users who pass KYC verification will have access to more features and services on the platform.
Step 4: Add a payment method: Follow the instructions provided by the exchange to add a credit/debit card, bank account, or other supported payment method. The information you need to provide may vary depending on your bank's security requirements.
Step 5: Buy RIF Token (RIF): You are now ready to buy RIF Token (RIF). You can easily buy RIF Token (RIF) using fiat currency if doing so is supported. You could also do a crypto-to-crypto exchange by first purchasing a popular cryptocurrency such as USDT, and then exchanging it for your desired RIF Token (RIF).
See this link for details on how to buy RIF: https://www.kucoin.com/how-to-buy/rif-token
Binance: Binance supports RIF with trading pairs such as RIF/BTC and RIF/USDT. Binance is one of the largest cryptocurrency exchanges globally, providing liquidity and a wide range of trading options.
Gate.io: Gate.io offers RIF with trading pairs like RIF/USDT and RIF/BTC. Gate.io frequently updates its trading pairs and supports a variety of cryptocurrencies.
MEXC: MEXC Global includes RIF with trading pairs such as RIF/USDT. MEXC is known for its diverse range of trading pairs and global reach.
Bitget: Bitget lists RIF with trading pairs like RIF/USDT. Bitget focuses on derivatives trading and provides various cryptocurrency options.
BingX: BingX supports RIF with trading pairs that includes RIF/USDT. BingX offers a secure platform for trading cryptocurrencies.
LBank: LBank includes RIF with trading pairs like RIF/USDT. LBank is known for its extensive range of trading pairs and global user base.
Hardware Wallets:
Mobile Wallets:
Web Wallets:
Exchange Wallets:
Hardware wallets like Ledger or Dcent offer the most secure storage for RIF tokens by keeping them offline and isolated from online vulnerabilities.
While some exchanges like Bitfinex offer RIF storage, their security depends on the specific exchange's practices. Industry standards for exchange security include features like multi-signature wallets, cold storage for most assets, and regular security audits.
RIF token transfers typically utilize Ethereum-based smart contracts, which generate unique token addresses for transactions. These addresses are encrypted and recorded on the Ethereum blockchain, providing transparency and security for token transfers.
Which notable exchanges offer RIF trading facilities?
Coincarp, KuCoin, Binance, Gate.io, MEXC, Bitget, BingX, and LBank.
How can I store RIF?
RIF can be stored in Ledger Nano X & Ledger Nano S, Beexo, Edge, and Defiant, Liquality, MetaMask, MyEtherWallet, and Bitfinex.
What are the advantages of using RIF Wallet?
RIF Wallet offers a customizable, white-label solution for businesses to integrate blockchain functionalities. It supports seamless user onboarding, gas fee-free transactions, and secure self-custody of assets.
Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.
4 ratings