Guide to Money On Chain
👉 Beginners start hereGetting rBTCFAQ
🇬🇧 MOC English
🇬🇧 MOC English
  • About Money On Chain
  • Getting started
    • What do I need to know first
    • Wallets available
      • Mobile wallet
        • Rabby
        • SafePal
        • Beexo
        • Exodus
        • UniFi
        • Metamask
      • Web3 wallet
        • Metamask
        • Rabby
        • Unifi
        • SafePal
        • Exodus
      • Hardware wallet setup
        • Ledger
          • Installing Ledger Live
          • Configuring the wallet
          • Installing applications
          • Logging in to the platform
        • Trezor
          • Installing Trezor Suite
          • Configuring the wallet
          • Logging in to the platform
    • Getting rBTC for network fees
      • Getting rBTC with Boltz
      • Getting rBTC and back to BTC with FastBTC
      • Getting rBTC with LNp2pbot
      • Getting rBTC with the 2WayPeg
        • Using the app
          • BTC to RBTC
          • RBTC to BTC
        • Using Electrum and MyCrypto
  • Using Money On Chain
    • How to access the platform
    • How to get tokens
      • How to mint BPro
      • How to mint DoC
      • How to get MOC and DOC tokens
        • Symbiosis
        • OKU Trade
        • Stargate
        • Rubic
        • OpenOcean
        • Sushi Swap
        • Balmy
        • UniFi
        • Sovryn
        • TEX
      • How to claim MoC Tokens from Liquidity Mining
      • How to sell BPro in the TEX
    • How to stake MOC tokens
      • Staking with MOC Manager
      • Staking with the dApp
      • Staking with MOC Tools
    • How to vote in MOC governance
      • With MOC Manager
      • With MOC Tools
    • How to get yield
      • Tropykus
      • Sovryn
  • Going deeper
    • Video Resources
    • Useful Links
    • Understanding Metrics
    • Using the TestNet
    • Using the TEX
  • Money On Chain Apps
  • Stablecoin Protocol
  • TEX - Decentralized Token Exchange
  • Frequently Asked Questions
    • Protocol FAQ
    • Fees and Rewards
    • Terms & Conditions
  • Integrators
    • Documentation
    • Resources
  • Our Growing Community
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On this page
  1. Getting started
  2. Getting rBTC for network fees

Getting rBTC with the 2WayPeg

What exactly is a peg-in?

Peg-in is the standard term for the process that transfers Bitcoins from the Bitcoin network to the RSK network.

A peg-in:

  • Converts BTC to RBTC

  • Locks BTC on the Bitcoin network

  • Releases RBTC on the RSK network

How does the RSK PowPeg work?

A two-way peg protocol is a protocol that allows transfers of a cryptocurrency from a main blockchain to a secondary blockchain and vice versa. It requires low third-party trust.

In the case of RSK, the main blockchain is Bitcoin, and the secondary blockchain is RSK. Every RBTC (or fraction of RBTC) unlocked in the RSK platform requires BTC to be locked on the Bitcoin blockchain. This mechanism ensures there is a one-to-one relationship between BTC and RBTC (1 BTC = 1 RBTC), which is guaranteed by the RSK protocol.

Powpeg uses the security features of a Hardware Security Module alongside RSK’s consensus layer, based on Bitcoin merged mining.

In the following pages you will see 2 ways of getting rBTC with the 2 Way Peg.

PreviousGetting rBTC with LNp2pbotNextUsing the app

Last updated 3 years ago