Chain:
Funding:
$11.5M
Tier:
A
Botanix Labs Airdrop
About Botanix Labs
Botanix Labs is advancing a decentralized Layer 2 solution on Bitcoin, leveraging EVM compatibility for robust dApp development. By integrating the flexibility of the Ethereum Virtual Machine with Bitcoin’s security, Botanix Labs employs a Proof-of-Stake consensus atop Bitcoin’s Proof-of-Work. Bitcoin stakes are secured in decentralized multisig wallets within the Spiderchain network, ensuring unparalleled security and decentralization for applications.
Why we choose Botanix Labs?
We selected Botanix Labs for its innovative approach of merging Bitcoin’s security with Ethereum’s flexibility. With $11.5M in funding from backers like ABCDE, Altcoin Sherpa, and Andrew Kang, Botanix Labs is advancing a decentralized Layer 2 solution on Bitcoin. Their use of EVM compatibility and a unique Proof-of-Stake consensus ensures robust dApp development within a secure and decentralized environment. This makes it a standout in the evolving blockchain landscape.
