RootstockCollective has been announced as the first decentralized autonomous organization (DAO) on Bitcoin layer-2 Rootstock. The DAO aims to incentivize builders and users of Rootstock and allows holders of the Rootstock token RIF to earn voting rights through staking their tokens. Rootstock is a layer-2 network that enables greater utility to Bitcoin and is compatible with Ethereum's smart contract programming standard. This announcement follows the trend of concepts typically associated with Ethereum finding their way to the Bitcoin blockchain.
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