Bitcoin Layer-2 Botanix Mainnet Debuts, Cuts Block Times to 5 Seconds
2025-07-01 14:32:02
Main Idea
Botanix Labs has launched its Bitcoin Layer-2 mainnet, reducing block times to 5 seconds and enhancing Bitcoin's utility for decentralized finance (DeFi) through Ethereum Virtual Machine (EVM) compatibility.
Key Points
1. Botanix's mainnet reduces block times from 10 minutes to 5 seconds, improving transaction speed.
2. The network is compatible with the Ethereum Virtual Machine (EVM), enabling Ethereum-based developers to build on Bitcoin.
3. Botanix emphasizes decentralized governance, starting with 16 node operators and aiming to expand beyond 100.
4. The launch includes BTC-backed stablecoin Palladium and decentralized exchange Bitzy as part of its Bitcoin DeFi (BTCFi) offerings.
5. Botanix aims to enhance Bitcoin's utility in DeFi by leveraging its value and programmability.
Description
The mainnet of Botanix, a network designed to bring Ethereum-equivalent utility to the Bitcoin ecosystem, has gone live, slashing the time it takes to add new blocks to five seconds from 10 minutes. The network is compatible with the Ethereum Virtual Machine (EVM), the software that powers the Ethereum blockchain, allowing Ethereum-based applications and smart contracts to be copied and pasted onto Bitcoin, developer Botanix Labs said in an email. Botanix is one of several projects attempting to...
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