Using the app
This version of the 2-Way Peg App takes advantage of the new features introduced in Rootstock Iris network upgrade, allowing users to select the RSK account where they want to receive the funds. Additionally, users can check the status of their peg-in transactions within the app, making it easy to have an estimate of the time remaining until the funds are credited to the RSK account.
Future versions of the 2-way peg app will include support for software wallets, user-guided peg-out transactions (to convert RBTC back to BTC), fast BTC-RBTC conversions (using the Flyover protocol), among other things.
Please be aware that this is a beta release and your feedback is welcome, you can drop a message on the RSK Open Slack.
The great thing about this app is it’s easy enough for anyone to use. Here’s what you can expect:
You’ll need to connect a hardware wallet. Right now Ledger and Trezor are supported but more wallets support, including software wallets, is coming soon. Metamask, Nifty, and Wallet Connect can be connected for your RBTC receiving address.
The app guides you through the entire peg-in process using one unified interface. Simply input the required fields when prompted.
Choose your RSK destination address. Latest enhancements to the RSK network allow you to choose any RSK address to receive RBTC, instead of requiring you to use the BTC-derived wallet address. Simply select Nifty or WalletConnect to copy your RSK address to the form, or enter the address manually.
Check the status of your transaction for the first time. Input your Bitcoin transaction ID and you’ll be able to view how many confirmations are pending before your transaction is approved, as well as the estimated waiting time.
This is an excerpt of the article published by IOVLabs "Getting RBTC just got even easier. Introducing the new RSK 2-way Peg App!".
Last modified 23d ago