The Botanix Mainnet, a network designed to provide an equivalent utility in Ethereum to the Bitcoin ecosystem, has put online, reducing the time required to add new blocks to five seconds from 10 minutes.
The network is compatible with the Ethereum virtual machine (EVM)The software that feeds Ethereum blockchain, allowing applications based on Ethereum and intelligent contracts to be copied and glued to Bitcoin, said developer Botanix Labs in an email.
Botanix is one of the many projects that try to scale the Bitcoin blockchain and make it a place more conducive to decentralized finance (Challenge) By improving its usefulness and programmability.
Others include the rootstock, batteries and bob (“Build on Bitcoin”)Who have all adopted the BitvM computer paradigm which can make the complex calculations verifiable on Bitcoin, paving the way for the supply of intelligent contract, similar to that of Ethereum.
The expansion of the Bitcoin utility would allow developers to take advantage of the value held in BTC, which overshadows that of all other digital assets.
BTCFI “completely decentralized”
Botanix Labs also underlined its decentralized governance structure. The launch of Mainnet coincides with its transition to the exploitation of a foundation of 16 node operators. Botanix said it expects the number to increase beyond 100 in 2026.
The founding federation includes some of the biggest names in cryptocurrency, especially as Mike Novogratz, Galaxy Digital and Crypto Custo, specialist in guardians.
“If we want a world that takes place on Bitcoin, we must build systems that honor its basic principles of auto-custodia, open participation and global tolerance in defects,” said CEO of Botanix Labs, Willem Schroé. “Too many bitcoiners have been burned by centralized platforms, which is why Botanix is fully decentralized at launch. No party, including us, can touch a user’s bitcoin.”
Several products that will constitute the base of Bitcoin Defi of Botanix (BTCFI) The offer also made its conjunction debut the launch of Mainnet. These include Stablecoin Palladium suspicion of BTC and decentralized exchange bitzy.
