Conversion with node and console

This document explains how to try the Powpeg mechanism using your RSK node and a command line.

• General requirements
• BTC to RBTC conversion
• RBTC to BTC conversion

General Requirements

• You need to be in full control of your BTC private key.
• You need a BTC Wallet properly configured using said private key.
• [Only for release process] You need an RSK node up and running, with the RPC interface enabled, and the personal and eth modules enabled
  • See how do I run an RSK Node?.

BTC to RBTC conversion

How to perform a peg-in.

:exclamation: Before starting: Read lock requirements

1. With your Bitcoin address, send a BTC transaction to the RSK Federation Address.
2. Using your preferred BTC block explorer (e.g. Blocktrail), follow your transaction and wait the stipulated time.
3. Convert the private key to RSK format with this tool: https://github.com/rsksmart/utils), and write down your RSK account information.
4. Then use the RSK Testnet Explorer or RSK Mainnet Explorer to see your RBTC balance. Remember that RSK addresses must start with 0x.

RBTC to BTC conversion

How to perform a peg-out.

:exclamation: Before starting: Read release requirements

1. Add your obtained RSK private key to your RSK node. Replace RSKConvertedPrivateKey, RSKNode and RSKNodePort and run this command:

   $ curl -X POST --data '{"method":"personal_importRawKey", "params":["<RSKConvertedPrivateKey>", "<passPhraseToEncryptPrivKey>"], "jsonrpc":"2.0", "id":1}' http://<RSKNode>:<RSKNodePort>

2. Unlock your account for transfers. Replace RSKAddress, passPhraseJustUsedToEncryptPrivKey, RSKNode and RSKNodePort and run:

   $ curl -X POST --data '{"method":"personal_unlockAccount", "params":["<RSKAddress>", "<passPhraseJustUsedToEncryptPrivKey>", ""], "jsonrpc":"2.0", "id":1}' http://<RSKNode>:<RSKNodePort>

3. Transfer your desired amount. Replace RSKAddress, valueToReleaseInWeis, RSKNode and RSKNodePort and run:

   $ curl -X POST --data '{"method":"eth_sendTransaction", "params":[{"from": "<RSKAddress>", "to": "0x0000000000000000000000000000000001000006", "gasPrice": 59240000, "gas": 44000, "value": <valueToReleaseInWeis>}], "jsonrpc":"2.0", "id":1}' http://<RSKNode>:<RSKNodePort>

4. Wait the stipulated time and check your BTC balance.