Entities

IOV Labs

Entity Type
Founding Date
2015

IOV Labs builds disruptive, decentralized blockchain technologies. Harnessing the benefits of Bitcoin with a suite of tools to create and protect growth, IOV Labs builds low-cost, highly secure, easy-to-use platforms for the new global economy. The platform develops and operates decentralized networks and protocols, including the RSK smart contract platform and the Bitcoin and Ethereum-based Name Service (ENS). Users will have the power to create digital identities, build reputations, establish and enforce agreements, and engage in commercial transactions without intermediaries.

ABOUT IOV LABS

  • The platform aims to create a more accessible and equitable financial system by providing tools and infrastructure for the development of a decentralized economy

  • They offer a suite of products called RIF (Rootstock Infrastructure Framework) aimed at making decentralized finance (DeFi) more accessible and user-friendly.

  • IOV Labs launched the Rootstock blockchain in 2017, enabling smart contracts on Bitcoin and making transactions on the network cheaper, faster, and more accessible. 

  • In 2018, IOV Labs launched RIF to offer decentralized products and tools that enable everybody to benefit from Rootstock technology - Everyday DeFi. 


ROOTSTOCK

  • Rootstock is the network that provides the foundation for a new global economy

  • It expands the functionality and scalability of the Bitcoin ecosystem without sacrificing decentralization or security.

  • Rootstock shares the security and decentralization of the Bitcoin network through merge-mining technology

  • All smart contracts on the network are EVM compatible, combining the programability of Ethereum with the security and stability of Bitcoin


RIF

  • RIF helps businesses build simple, secure and scalable DeFi products that work for everyone.

  • It enables Web3 projects and Fintech innovators build better with identity, payments, storage, marketplace, and gateway services.

  • RIF helps fintechs, banks, businesses, financial institutions build simple, secure and scalable DeFi products.

  • RIF is built on Rootstock, the world’s most secure smart contract network.