IOVLabs Set to Conduct First-Ever Rootstock Summit in Early November

Bitcoin layer-2 project, Rootstock has announced that the first-ever Rootstock Summit will be held in Sans Souci, Buenos Aires, Argentina, on November 10, 2022. Through the Rootstock Summit 2022, the Bitcoin layer-2 virtual machine aims for a rebirth and a new brand identity.

The Rootstock Summit 2022 

IOVLabs, a project dedicated to developing the Web3 solutions needed for a new global financial ecosystem that fosters opportunity, transparency, and trust, has released the details of the first-ever Rootstock Summit, which is scheduled to go live in Sans Souci, Buenos Aires, Argentina on November 10, 2022.

The Rootstock Network is a highly secure smart contracts-compatible blockchain that takes advantage of Bitcoin’s unparalleled hash power to secure its ecosystem while extending the capabilities of the Bitcoin network by making it home to decentralized applications (dApps) and DeFi solutions.

Per a statement shared with crypto.news, the upcoming Rootstock Summit signifies the relaunch of the Rootstock brand. The event will serve as a meeting point for key influencers, and blockchain media platforms with millions of audiences, as well as crypto enthusiasts, and market participants. 

Some of the attendees and speakers that will grace the Rootstock Summit 2022 event include Diego Gutierrez Zaldivar (Rootstock Co-Founder), Sergio Lerner (Rootstock Co-Founder), Eden Yago (Sovryn Core Contributor), Dan Held (Bitcoin Educator), Francisco Calderon (Lightning Network), Diego Fernandez (Buenos Aires’ Secretary of Innovation and Digital Transformation) and many others.  Interested participants can apply for tickets.

The Rootstock Relaunch 

Through the Rootstock Summit 2022 event, the project will undergo a total rebirth and take on a new brand identity. 

With the relaunch, Rootstock will officially enter a new phase in its history, where the community will assume complete ownership of the project. Members of the Rootstock community will have access to fully open-source marketing materials, brand assets, and other essentials they may need to create content that will foster awareness and adoption.

Commenting on the upcoming event, Rootstock Co-Founder, Diego Gutierrez Zaldivar said:

“Rootstock is one of the most secure smart contract platforms in the world, bringing long-term value and sustainability to Bitcoin. I’m thrilled for Rootstock’s ecosystem members to come together at the conference and celebrate the many milestones achieved in the past five years, including surpassing 50 percent of Bitcoin hashing power through merged mining and seeing the launch of the first DeFi solution on Bitcoin. The event is an incredible opportunity to build the vision of Rootstock’s future together with the community.”

Since its launch, the Rootstock second-layer virtual machine has been addressing the scalability limitations of the Bitcoin network. The platform improves Bitcoin transaction times, while also providing smart contract functionality. 

Rootstock is currently home to a good number of DeFi projects and dApps, including Sovryn, Money on Chain, Tropykus, and others. The team expects the upcoming event to help shape the future of Rootstock and Rootstock Infrastructure Framework (RIF), a suite of open and decentralized infrastructure protocols that allow developers to create faster, user-friendly scalable dApps.

IOVLabs is the organization in charge of the Rootstock Smart Contract Network, Rootstock Infrastructure Framework, and Taringa!, Latin America’s largest Spanish-speaking social network, boasting 30 million users and 1,000+ active online communities.