The BotanixLabs team announced the launch of Botanix, the second layer (L2) of Bitcoin, “equivalent to Ethereum Virtual Machine (EVM)” on July 1st. The project is about to create a decentralized economic layer with similar capabilities to that of the Ethereum Network. Botanix allows you to pay, perform exchanges, provide and request loans, and stop and execute futures trading on Lightning Network.
According to the developers, “Botanics is the first and only Bitcoin L2 equivalent to a decentralized Ethereum virtual machine.” They say that these second layers are decentralized and “managed by a growing coalition of leading node operators in the industry,” individuals or entities cannot unilaterally influence or control the network.
In short, with Botanix, you can move Bitcoin (BTC) from the main network to L2 or its version format. Among them, the user can Place this Bitcoin on staking and receive STBRC, the native staking token of Botanics. Specifically, it is a synthetic BTC version that can be redeemed on Bitcoin Real or its equivalent network.
Despite emphasising that Botanixlabs is the only equivalent of EVM in Bitcoin, other horizontal tier projects will allow programming of intelligent contracts similar to programming Ethereum over cryptographic networks. As reported by Cryptonotics, one of them is Rootstock, a network based on native tokens called RBTC, known as Cryptoactive. This network too Allows similar functions such as staking Enra Platform Sushi
Botanics explains his launch Main Net For Bitcoin, the activation of GMX and Dolomite applications, exchange of permanent futures, and cryptocurrency loan platforms are given to coincide with the activation of GMX applications, respectively. Other “ecosystem partners” such as ChainLink and Fireblocks are already active on the Botanix network, and An exclusive native application series for networks, including Arch, Bitzy, Palladium, Rover.
This statement ensures that Bitcoin users will “significantly improve transaction times” because Botanix has an average transaction of 5 seconds of 0.02 dollars. The Botanix Block Explorer confirms that blocks are mine every 5 seconds. This means that this network has horizontal transaction processing to Bitcoin. L2’s latest transaction is paying 0.00001972 BTC. This amounts to $2 at the time of writing. the result, The rate can be higher than botanixlab communicates In the launch article.
At the time of writing, the network handles 2.3 transactions per second and houses over 47,000 transactions in a short history. There are 287 active addressesreflecting the clear increase as of June 29th.
The reason why botanixlabs guarantees this L2 is decentralized from the start is because the main network was launched after a few days The team forwarded network governance and consensus to the “establishment federation.”. Botanix has 16 independent operator nodes from the beginning, including organizations such as Galaxy, Fireblocks, Alchemy, Antpool, XBTO, Kiln, and Chorus One.
With this transition and support from SpiderChain, Bitcoin’s novel, primitive crypto climb, Botanix has become the only unique, secure blockchain based on Bitcoin, and has been decentralized since its inception. This means that entities that contain Botanix Labs have no control over the network. Botanix expects to see more than 100 operators in 2026.
Botanixlabs, L2 developer equipment on Bitcoin.
Although this L2 has federates and is distributed, it remains to observe the impact of botanical labs on network evolution. For example, the Ethereum Foundation had a very important impact from the initial action, and then only controlled more voluntary organizations for users, developers and the community in general, but some believe that the foundation is still undue influence on the network.
Meanwhile, Cardano exemplifies cases of progressive decentralization according to the roadmap marked by glorious names (e.g. Byron, Shelley, Voltaire, etc.) for each phase.
According to Willem Schroé, CEO and CO Founder of Botanix, the developer team lasted for two years, building a second layer on Bitcoin.
As part of the Botanix launch, the team also announced the Bitcoin 2100, an immersive experience that allows you to interact with the Bitcoin economy. According to Botanixlabs, the most interesting thing about the Bitcoin 2100 is that you can win free Bitcoin called Satoshis.
