Botanix Labs has officially launched the first-ever fully decentralized Ethereum Virtual Machine (EVM) equivalent Layer 2 on Bitcoin, according to a press release sent to Bitcoin Magazine. This represents over a year of dedicated research and development by the team, with a focus on enhancing user experience.
„We want to make it as easy as possible to start building on Bitcoin,” said Willem Schroe, the Founder and CEO of Botanix. The initiative stems from the team’s ambition to propel Bitcoin beyond its status as the pinnacle of digital currency and position it as the cornerstone of a novel decentralized financial ecosystem.
At the core of this initiative is Spiderchain, a decentralized network of multisigs empowering anyone to operate a full Botanix node and participate in the network. Introducing forward security, a concept derived from encryption systems, Spiderchain facilitates low-cost, swift transactions for Bitcoin deployments.
The innovative aspect of Botanix’s Spiderchain
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