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Rootstock, a P2P platform based on the block chain that implements smart contracts using the capabilities of Ethereum with the transparency and security of the bitcoin network, is negotiating with the World Bank and some Latin American banks to provide microlending for the unbanked, according to theÂ International Business Times. Rootstock hopes to give banks the means to issue loans from smart contracts. Rootstock combines the capabilities of Ethereum with the bitcoin networkâ€™s transparency and security by using sidechain technology. Bitcoin serves as the fuel that runs the smart contract. Nick Szabo, an expert on smart contracts, has said Rootstock joins […]
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