Mainnet Guide | Rootstock (RSK)

In this section we will go over the steps of converting BTC to RBTC and vice versa in Bitcoin and RSK Mainnets.

Note: The minimum amount of Bitcoin to convert is 0.005 BTC for Mainnet.

BTC to RBTC conversion

Instructions on how to do a Mainnet peg-in.

• Get a BTC address with balance
  • Any Bitcoin wallet that supports legacy (p2pkh) private key works for this step. In this section, we use the Electrum BTC wallet for connecting to BTC Mainnet.
    1. Download the wallet from Electrum Website
    2. Install Electrum
    3. Start Electrum
    4. Once Electrum starts, create or import a wallet
    5. Go to the third tab "Receive". You will see a Bitcoin Testnet address like below:
       

    Note: Use a legacy Bitcoin wallet (not Segwit) with a public key beginning with m or n, and a private key prefixed by p2pkh.

• Send Bitcoin to RSK Federation address
  • The RSK Federation address is retrieved by making a Smart Contract call on RSK Mainnet. To make the call, you need to have MyCrypto installed:
    1. Select RSK Network.
    2. Navigate to MyCrypto -> Contracts.
    3. Select Existing Contracts and choose Bridge from the drop-down menu.
    4. Click getFederationAddress to execute the call. It should look like the screenshot below:
       
    Once you have the RSK Federation address, you can send Bitcoin to it from your Bitcoin address.

    Note: You must send a minimum amount of 0.005 BTC.

• Wait for BTC confirmations
  • To ensure the transaction is successful, we need to wait for 100 BTC network confirmations.

  100 blocks * 10 minutes/block = 1000 minutes = 16.667 hours. That is, this will take approximately 17 hours.

• Get RBTC address with BTC private key
  • You can get a corresponding RBTC address from your BTC private key by using the Rootstock Utils. If you do not want to compile the utility, you can download the latest release.

  Note: when entering Bitcoin private key do not include p2pkh: in the front.

• Check RBTC balance
  • You can check balance of RBTC address on Metamask, MyCrypto, or any RSK compatible wallets.

  Note: You have to wait a minimum of 100 confirmations + a minimum of 5 minutes for checking your RBTC balance.

RBTC to BTC conversion

Instructions on how to do a Mainnet peg-out.

• Get BTC address with RBTC private key
  • You can get a corresponding BTC address from your RBTC private key by using the Rootstock. If you do not want to compile the utility, you can download the latest release.
• Send RBTC to RSK Bridge Contract
  • RSK Bridge Contract address: 0x0000000000000000000000000000000001000006
  Important note: The minimum amount to send must be at least 0.004 RBTC for Mainnet Sending any lower amount fails and funds will be reimbursed. The Gas Limit of the transaction needs to be manually set at 100,000 gas; otherwise the transaction will fail. Gas Price can be set to 0.06 gwei (or the gas price suggested by the wallet).
  
• Check balance of BTC address
  • You can either use Electrum wallet downloaded earlier or from any
  Bitcoin explorer to check the balance.

  Note: The release process on Bitcoin network takes 4000 RSK block confirmations and at least 10 more minutes.