Botanix Launches Federated Sidechain with 16 Members: A Game-Changer for Decentralization
Botanix Labs has set a new standard in the crypto world by launching Botanix, a federated sidechain on Bitcoin with a 16-node founding federation. This move marks a significant step towards decentralization and transparency in the network, with plans to expand to hundreds of nodes in the future.
What sets Botanix apart is its emphasis on resilience and security. By ensuring no single entity has control over the network, Botanix Labs has paved the way for a fully permissionless ecosystem. The network’s use of the Spiderchain protocol enables compatibility with Ethereum Virtual Machine, allowing for diverse applications directly on the network without intermediaries.
Willem Schroé, the CEO and co-founder of Botanix Labs, highlighted the importance of decentralized infrastructure in building the Bitcoin economy. With the 16-node founding federation, Botanix aims to uphold the principles of security and openness that Bitcoin stands for, preparing for a future of uncensorable and available transactions.
As the network gears up for its mainnet launch in the coming quarter, key players like Phillipe Bekhazi of XBTO have expressed their commitment to supporting Botanix. This move is crucial for meeting the standards of professional markets and fostering institutional interest in Bitcoin.
Founded in 2023, Botanix Labs has nurtured the development of the Spiderchain protocol and initiated Botanix, focusing now on research and ecosystem support. With a decentralized structure geared towards scalability and security, Botanix is poised to expand its federation and continue its journey towards further decentralization.
The full founding Botanix federation boasts an impressive lineup of entities including XBTO, Fireblocks, Antpool, and UTXO Management, among others. This diverse participation underscores the industry’s growing interest in decentralized solutions and paves the way for a more inclusive and robust crypto ecosystem.
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