Botanix Labs Launches EVM-equivalent Bitcoin Layer 2

Botanix Labs announced to launch the first ever fully decentralized Ethereum Virtual Machine (EVM) equivalent Layer 2 on Bitcoin. "We want to make it as easy as possible to start building on Bitcoin," said Willem Schroe, the Founder and CEO of Botanix.

At the core of the Bitcoin Layer 2 is Spiderchain, a decntralized network of multisigs empowering anyone to operate a full Botanix node and participate in the network. The innovative aspect of Botanix's Spiderchain is its seamless compatibility with Ethereum's EVM smart contracts. This compatibility enables developers to effortlessly replicate and deploy any EVM smart contract onto the Botanix testnet using Bitcoin.

Botanix Labs in now incubating the first-ever Bitcoin-enabled DeFi and NFT ecosystem. The testnet encompasses a Signet Bitcoin faucet, a bridge, and AvocadoSwap, akin to PancakeSwap.