dApp basics · Explainer
How RSK (Rootstock) Competitions for Wallets and dApps Work
RSK, now usually called Rootstock, is a smart contract network tied to Bitcoin. This guide explains how competitions for wallets and dApps on the network are generally structured, how entries are judged, and how to confirm current rules and deadlines.
By the DappsAtlas editorial team · Updated

What RSK (Rootstock) is and why it matters
RSK is the original name of a smart contract network that is now generally called Rootstock. It is a layer that runs alongside Bitcoin, which means it can host applications that need programmable logic while Bitcoin remains the base asset people value most.
The network supports smart contracts that are compatible with the Ethereum Virtual Machine. In practice, that means developers who know Solidity and Ethereum tooling can usually adapt their code to run on it. Wallets that support custom networks can also connect to it, which helps users interact with applications without learning a new interface.
The native gas token is RBTC. It is designed to match Bitcoin's value through a peg mechanism, so users pay transaction fees in a token that is intended to track BTC. Because pegs and bridges carry their own technical and trust assumptions, readers should learn how the peg works before moving large amounts.
The rest of this guide uses RSK and Rootstock to mean the same network. Current details such as validator counts, bridge caps and token supply change over time, so check official Rootstock documentation for the latest figures instead of relying on older articles.
Why a blockchain runs competitions for wallets and dApps
Blockchain networks depend on developers and users. A chain with few wallets or applications struggles to attract either. Competitions, such as hackathons, grant rounds and bounty programmes, are a common way to draw attention to the platform and to reward useful work.
For wallets, a contest might reward better onboarding, clearer transaction screens, safer key management or support for more network features. For dApps, it might reward lending tools, trading interfaces, games, payment apps or developer utilities that solve a real problem on the chain.
These programmes also help the ecosystem test new ideas. Entrants often publish open-source code, which other builders can review and reuse. This can improve security over time, provided that reviewers actually examine the code.
For readers, the main question is whether a competition leads to lasting projects or just short-term attention. Look for clear judging criteria, public code, a plan for maintenance after the contest ends and evidence that winners continue to build.
Common formats: hackathons, grants, bounties and showcases
Most programmes follow one of a few formats. Knowing the format helps you understand what is expected from an entry.
- Hackathons: teams build a working prototype within a fixed period, often a few days or weeks. Judges usually look at a live demo and a short presentation.
- Grant rounds: applicants propose a project and a budget. Funding is often released in stages tied to milestones.
- Bounties: a specific task, such as fixing a bug, writing a tutorial or building a tool, is posted with a fixed reward.
- Showcases and ecosystem awards: existing projects are nominated or submit themselves for recognition, sometimes with a public vote.
Each format has different risks. Hackathons reward speed and presentation, so teams should be realistic about what they can finish. Grant rounds require a credible plan and budget. Bounties can be easy to misunderstand, so confirm exactly what counts as completed work. Showcases may depend on community votes, which can be influenced by coordinated campaigns, so treat vote totals as a weak signal of quality.
Before you enter any format, read the terms for intellectual property, licensing and who owns the code after submission.
How entries are usually judged
Judging criteria differ between events, but most published rules cover a similar set of points. Understanding them helps entrants focus their effort.
- Functionality: does the wallet or dApp work as described on the test network or in the demo?
- Usefulness: does it solve a clear problem for a defined group of users?
- Security: are keys handled safely, are inputs validated and are known risks disclosed?
- Code quality: is the code readable, documented and open for review?
- Originality and fit: does the project suit the network rather than copying an existing tool with minor changes?
- Sustainability: is there a plan for updates, support and funding after the event?
Judges may also weigh design, accessibility and clarity of documentation. A polished interface cannot make up for missing safety checks, and a secure but unusable product may still lose to a simpler project that works well for its users.
If you are judging or reviewing entries yourself, document your reasoning and avoid conflicts of interest, such as scoring a project connected to your own employer or investment.
How wallet entries differ from dApp entries
A wallet and a dApp raise different questions, so entrants should prepare differently.
A wallet handles private keys, signs transactions and shows users what they are approving. The most important judging points tend to be key generation and storage, clear transaction previews, protection against phishing and malicious contracts, recovery options and the quality of permission management. A wallet that hides what a transaction does is risky even if its design is attractive.
A dApp is a front end plus smart contracts. Judges usually look at what the contracts do, whether they have been audited or reviewed, how they handle upgrades and admin controls, how they depend on price feeds or bridges, and what happens if something goes wrong. Clear risk disclosures and emergency procedures matter.
Both types of project benefit from testnet demos, reproducible builds and written threat models. If you are a user rather than an entrant, you can apply the same questions when you evaluate a wallet or dApp before connecting it to your funds.
Security habits for entrants and users
Competitions attract attention, and attention is often used by scammers. Whether you are building, judging or using a project, a few habits reduce the risk of loss.
- Never share your seed phrase or private key with anyone, including people claiming to be organisers, judges or support staff.
- Check that any wallet download, website or repository link comes from an official source you have verified independently, not from a message you did not request.
- Use a hardware wallet or a dedicated wallet for significant funds, and keep an offline backup of your recovery phrase.
- Read token approval requests carefully. Revoke approvals you no longer need using a reputable approval-management tool.
- Be cautious with airdrops, prize claims and unexpected 'winner' messages that ask you to connect a wallet or pay a fee to claim funds.
- Test with small amounts before committing larger sums, and be aware that bridges and pegs carry extra risk.
Developers should run independent reviews or audits, publish known limitations and avoid storing secrets in front-end code. Users should assume that any unaudited or new project may fail or be exploited.
How to check current rules, prizes and deadlines
Competition details change quickly. Prizes, judges, deadlines, eligibility rules and submission formats are often updated, and older articles may describe programmes that have ended. For that reason, this guide does not list current events, prize amounts or winners.
To check the latest information, follow this order:
- Start at the official Rootstock website and its verified social or developer channels.
- Find the official announcement for the specific competition, including its start and end dates in your time zone.
- Read the full terms, eligibility section, judging criteria and any sponsor conditions.
- Look for a published list of winners or results, and check whether prizes were paid.
- Confirm any contract addresses or wallet downloads against the project's own documentation before using them.
If you cannot find an official source, do not act on the message. Treat unsolicited announcements in chat groups and direct messages as suspect until verified.
Eligibility, local laws and responsible participation
Many contests place limits on who can take part. Common restrictions include minimum age, residency, employment by the organiser or sponsor and sanctions screening. Some prize structures may also be regulated as gambling, lotteries or securities in certain jurisdictions, depending on how they are designed.
Before entering, check whether the competition is open where you live. Confirm that you meet the stated age and residency requirements. If the terms require identity verification, understand what information you will need to share and who will hold it.
Do not use a VPN, proxy or any other method to get around eligibility rules or regional restrictions. Entering in a way that breaks the terms can lead to disqualification and may create legal problems.
If you are unsure how local laws apply to a prize or a token reward, speak with a qualified adviser in your jurisdiction. Gambling-style risks also deserve attention: never enter a contest or claim a reward using money you cannot afford to lose, and gamble responsibly if any part of the activity involves wagering.
Where competition projects fit in the wider dApp market
Wallet and dApp competitions on Rootstock sit within a wider DeFi and Bitcoin-linked landscape. Readers who want to understand the sector can look at categories of applications rather than individual promotions.
General-purpose dApps cover lending, swaps, staking and tools that connect users to multiple networks. Tokenised Bitcoin products, such as lombard-lbtc, show one way that BTC holders may use the asset in decentralised applications. Such products add their own risks, including custody, bridge and redemption terms, so read their documentation closely.
If you are comparing projects from a competition with established applications on other chains, focus on the same questions: what the contracts do, who controls upgrades, how the project is audited and what happens in a failure case. The dapps category page is a useful starting point for exploring the broader field.
No single application can be recommended from this guide. The sources available for this article did not confirm any specific current dApp from a Rootstock competition, so treat this section as a framework for your own research.
Frequently asked questions
Is RSK the same thing as Rootstock?
Rootstock is the name most often used today for the network that began as RSK. It runs smart contracts compatible with the Ethereum Virtual Machine, so many Ethereum tools and wallet setups can be used with it. Its native gas token is RBTC, which is designed to track Bitcoin's price on a 1:1 basis through a peg mechanism.
Who organises these wallet and dApp competitions?
Competitions in this space are usually run by the network's foundation, its developer community, ecosystem partners or sponsoring projects. Their goal is to attract developers and users to build on the chain. Because the organiser, prize pool and rules change from one event to the next, you should check the current announcement from official Rootstock channels rather than relying on an older summary.
Do I need to hold real funds to enter a competition?
Mostly no, but many contests ask for a working demo, a public repository or a submission form, and some ask participants to use testnet funds. Read the terms carefully. Never send your seed phrase or private key to anyone while entering, including people who claim to be judges or organisers.
Are there legal or eligibility limits on entering?
Prize contests can be restricted by country, age or local law. Before entering, check the eligibility section of the official rules, confirm you meet the age and residency requirements, and check whether the prize counts as a gambling or lottery activity where you live. If you are unsure, seek independent legal advice. Do not use a VPN or any other method to get around eligibility restrictions.
Where should I check current rules and deadlines?
Start with the official Rootstock website and its announced channels, then read the full rules, judging criteria, deadlines and any sponsor terms. Confirm that any link you follow is the official one before you connect a wallet or submit personal information.
Mentioned in this guide
dApps in this guide
Dapps is a broad term for decentralized applications; no specific product or service is established.
Lombard issues LBTC, a yield-bearing Bitcoin token backed 1:1 by BTC, for holders and institutions who want to use Bitcoin in DeFi.
Common is a non-custodial ZK privacy dapp on Arbitrum and Aleph Zero EVM that lets users shield funds and withdraw to a new, unlinkable wallet.
Current is a Sui-based lending protocol with isolated markets and one-click yield multiply, focused on tokenized real-economy yield.
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