RSK is the first general purpose Smart Contract platform secured by the Bitcoin Network that uses Bitcoin as a currency. A 2-Way Peg between Bitcoin blockchain and RSK blockchain ensures a fixed one-to-one conversion between BTC and SmartBTC. MyWish is a full-cycle decentralized smart contract platform that features smart contract creation, audit, deployment, and execution.
The MyWish platform makes it possible for everyone to create a Smart Contract based on Bitcoin, whereas RSK network provides the platform for running MyWish Smart Contracts. The latter platform is in charge of converting Bitcoins in SmartBTC in order to make any transaction possible.
The first launched Bitcoin Smart Contract is dedicated to the last will and testament. Any person in possession of cryptocurrency investments in the form of bitcoins is now capable of transferring savings to family or friends in the event of a sudden illness or death.
The solution developed by MyWish and RSK secures the assets no matter what, as the original terms of Smart Contracts cannot be changed.
The demand for such Smart Contracts increases day by day. It would not be an exaggeration to say that in the near future Bitcoin Smart Contracts will be able to cover many aspect of life.