The mainnet of Botanix, a network designed to bring Ethereum-equivalent utility to the Bitcoin ecosystem, has gone live, slashing the time it takes to add new blocks to five seconds from 10 minutes.
The network is compatible with the Ethereum Virtual Machine (EVM), the software that powers the Ethereum blockchain, allowing Ethereum-based applications and smart contracts to be copied and pasted onto Bitcoin, developer Botanix Labs said in an email.
Botanix is one of several projects attempting to scale the Bitcoin blockchain and make it a more conducive venue for decentralized finance (DeFi) by enhancing its utility and programmability.
Others include Rootstock, Stacks and BOB („Build on Bitcoin”), which have all adopted the BitVM computing paradigm that can make complex computations verifiable on Bitcoin, paving the way for smart-contract provision, similar to Ethereum’s.
The expansion of Bitcoin’s utility would allow developers to take advantage of the value held in BTC, which dwarf
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