The Botanixlabs team announced on July 1 the start -up of Botanix, a second layer (L2) “equivalent to the Ethereum virtual machine (EVM)” on Bitcoin. The project seeks to create a decentralized economic layer with similar capabilities to those of the Ethereum Network. Botanix allows you to pay with the Lightning Network, perform exchanges, provide and request loans, stop and perform futures trading with leverage.
OK With the developer team“Botanix is the first and only Bitcoin L2 equivalent to the Ethereum virtual machine that is decentralized from the beginning.” They say that these second layer is decentralized and no person or entity can unilaterally influence or control the network, “since this is administered by a growing federation of leading nodes operators in the industry.”
In a nutshell, Botanix allows Bitcoin (BTC) to move, or a versioned form of it, from the main network to its L2. In it, the user can put this bitcoin in Staking and receive STBRC, the native staking token in Botanix. Specifically, a synthetic BTC version that can be redeemed by Bitcoin Real or its equivalent in the network.
Despite the emphasis that Botanixlabs makes in being the only equivalent to EVM in Bitcoin, other lateral layer projects allow the programming of intelligent contracts analogous to those of Ethereum on the cryptoactive network. As cryptootics reported, one of them is RootstockNetwork based on a native token anchored to the cryptoactive called RBTC. This network too Allows similar functionalities such as Staking on the sushi platform or trading in OKU.
Botanix explains that the launch of your Mainnet About Bitcoin, the activation of GMX and Dolomite applications, an exchango of perpetual futures and a cryptocurrency loan platform, respectively, is given together to the activation of GMX applications. Other “ecosystem partners”, such as Chainlink and Fireblocks, are already active in the Botanix Network, which will have a Series of exclusive native applications for the network, such as Arch, Bitzy, Palladium and Rover.
The statement ensures that Bitcoin users “experience a significant improvement in transaction times,” as Botanix has five -second block times and commissions for average transaction of 0.02 dollars. He Botanix block explorer It corroborates that a block is mine every 5 seconds, which means that this network has a lateral transaction processing to Bitcoin. The latest transactions in the L2 are paying 0.00001972 BTC, which is equivalent to $ 2 at the time of writing; consequently, Rates could be higher than Botanixlabs communicates In your launch article.
At the time of the writing, this network processes 2.3 transactions per second, and has housed more than 47 thousand transactions in its short history. It has 287 active addressesreflecting a clear increase as of June 29.
The reason why Botanixlabs ensures that this L2 is decentralized from the beginning is because the main network was launched a few days later that the team transferred the governance and consensus of the network to a “founding federation”. From the beginning, Botanix has 16 independent operators nodes, among which are organizations such as Galaxy, Fireblocks, Alchemy, Antpool, Xbto, Kiln, Chorus One and others.
With this transition and support from Spiderchain, a novel primitive cryptographic climbing of Bitcoin, Botanix becomes the only and unique safe blockchain based on Bitcoin, decentralized since its inception, which means that no entity, including Botanix Labs, has control over the network. Botanix expects the operator to exceed 100 in 2026.
Botanixlabs, L2 developer equipment on Bitcoin.
Although this L2 has a federated and distributed beginning, it remains to observe the influence that Botanixlabs has on the evolution of the network. The Ethereum Foundation, for example, had a very important influence from the first measures, and only subsequently gave control to more spontaneous organization for users, developers and the community in general, although there are those who believe that this foundation still has an excessive influence on the network.
Cardanoon the other hand, exemplifies a progressive decentralization case, following a road map where each phase is marked with an illustrious name (Byron, Shelley, Voltaire, etc).
According to Willem Schroé, CEO and Botanix co -founder, the developer team lasted two years building the second layer on Bitcoin.
As part of the Botanix launch, the team also presented “Bitcoin 2100”, an “immersive experience” of exploration that allows to interact with the Bitcoin economy. The most interesting thing about Bitcoin 2100, according to Botanixlabs, is that you can win free bitcoins called in Satoshis.
