Brief
- Botanix, a layer 2 blockchain built on Bitcoin, launched his Mainnet on Tuesday.
- The network praised its decentralization references, revealing a federation of operators of notable nodes.
- Botanix was launched with a game that allows players to win tiny free bitcoin pieces.
Botanix, a Bitcoin-The Blockchain of Couche-2 based on, made its main debut on Tuesday, said Botanix Labs, the creator of the network, in a press release.
The network tries to take charge of decentralized finances, or ChallengeApplications, by mixing aspects of Ethereum design with the oldest crypto network. Botanix supports trading, loans, loans and staking “While Bitcoin on Bitcoin,” the firm said in a press release.
Botanix, which was founded in 2023, said that its network is decentralized “from the start”, with a so-called federation of node operators which could theoretically prevent Botanix from doing control on the network. Galaxy Digital and Fireblocks are part of 16 entities that have agreed to manage the Botanix nodes independently, said the company.
“If we want a world that works on Bitcoin, we have to build systems that honor its main principles of self-care,” said the co-founder and CEO of Botanix Labs, Willem Schroé. “No party, including we can touch a user’s bitcoin.”
Among the decentralized applications that made its debut on Botanix, Botanix laboratories highlighted Dolomite, a monetary market and a decentralized exchange protocol, and GMX, another decentralized exchange specializing in future perpetuals with a lever effect of up to 100x.
Botanix is presented as a network “equivalent to EVM”. This means that developers familiar with the Ethereum virtual machine, or EVMshould be able to postpone existing applications without modification, while being able to use tools that seem familiar to them.
“Bitcoin is our gas token, Bitcoin is our colony layer, and our goal is really to build an endogenous Bitcoin finance ecosystem,” said Botanix co-founder Alisia Painter Decipher in May. “The EVM really changes the game to bring many of these applications to Bitcoin.”
Although Bitcoin’s basic software is built only around financial transactions, a number of projects have sought to extend the Bitcoin utility. When ordinals arrived in 2023, technology was used to create a native bitcoin music,, gamesand NFT type art collections. The latest BRC-20 and Runes protocols added the possibility of launching fungible tokens on Bitcoin, and more recently, Stablecoin Tether said that it was launch USDT on Bitcoin.
At 2.1 billions of dollars, bitcoin represents around 62% of the value of the cryptography market, according to the Crypto data supplier Flirtatious. Projects like Botanix aim to use the deep reserves of investors to feed the DEFI applications and increase the utility of the asset beyond purchase and detention. Whether it is, Cardano or Aptos, layer 1 networks have recently requested Bitcoin integrationsAlso.
In March, a research analyst at Crypto Exchange Binance wrote This Bitcoin -based DEFI has the “potential to unlock billions of dollars in dormant BTC dormant and improve the efficiency of Bitcoin capital”, while being able to help Bitcoin investors obtain better yields.
In addition to the launch of Botanix, the company said it introduced “Bitcoin 2100”. The browser -based game, which teaches players “what is possible when Bitcoin becomes programmable”, allows them to collect tiny quantities of “free bitcoin”, said the company.
Edited by James Rubin
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