Botanix Labs Taps Ankr & Asphere To Create New Bitcoin L2

Ankr and Asphere are thrilled to announce our core role in the creation of the Spiderchain L2 built in conjunction with the team at Botanix Labs. The partnership will bring additional accessibility, scalability, and reliability to Bitcoin builders and users in the Spiderchain ecosystem!

The Botanix Labs Story

Botanix Labs is building the infrastructure to transform Bitcoin beyond sound money to become the programmable layer serving as a foundation for the future of finance. Their approach was to build the first fully decentralized EVM-equivalent L2 on Bitcoin (Spiderchain), where the ease and versatility of EVM is supercharged by the decentralization and security of Bitcoin.

Leveraging Bitcoin's PoW as a Layer 1 for base settlement and decentralization, Botanix will use a Proof-of-Stake consensus model, where the stakes (represented by Bitcoin) are securely stored on the Spiderchain, a distributed network of decentralized multisigs safeguarded by a randomized subset of participants. This will all provide the ability for anyone to stake their BTC on the Bitcoin network.

Botanix Labs Needs Advanced Solutions for Building Spiderchain

• Engineering assistance from Web3’s preeminent infrastructure provider
• A team well-versed in Layer 2 design, staking, and leading-edge integrations
• High performance RPC node operations and connections for incoming developers

Ankr & Asphere Are Delivering Bespoke Services

Engineering Assistance for Creating the Spiderchain L2

The team at Ankr and Asphere have built blockchain solutions from some of the biggest names in blockchain and business, including Microsoft, Binance, Polygon, and many more, making us the natural choice for Botanix. We are assisting the team at Botanix Labs in creating custom architecture for the Spiderchain and helping implement all mechanisms of the chain such as staking, consensus, multisigs, and more. Our team will also be a key player in operating the network and ensuring its smooth functioning moving forward.

Implementation of Spiderchain Node Infrastructure

Ankr and Asphere are set to deploy and operate a global network of Spiderchain nodes, enabling us to provide public and private endpoints for developers to connect to the blockchain.

Public & Paid Blockchain RPC Connections for Developers

The RPC (Remote Procedure Call) will become a vital service that connects developers’ wallets, command-line interfaces, and dApps to the Spiderchain mainnet nodes so they can execute read and write interactions on the network.

Read more: What Are RPC Nodes and Endpoints? The Complete Guide

Why Did Botanix Labs Choose Ankr & Asphere?

Botanix Labs chose Ankr because no other organization has a team as experienced in creating scalable blockchain infrastructure across a wide variety of ecosystems. Our expertise in blockchain design and development was a perfect fit for the team to bring their bitcoin L2 vision to life seamlessly and on schedule.

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What is the New Spiderchain?

Built jointly by the teams from Botanix Labs, Ankr, and Asphere, Spiderchain is a novel blockchain project bringing smart contract functionality to the Bitcoin network. Spiderchain expands the capabilities of the Bitcoin network while maintaining its core strengths of unmatched security and decentralization. Here's a breakdown of its key aspects and potential benefits:

• Leverages a decentralized network of multisig wallets (called Spiderchain) for security.
• Adds a Proof-of-Stake layer to bitcoin that unlocks native yield from dApps deployed to the Spiderchain EVM without any consensus changes to Bitcoin Core.
• Introduces forward security to the Bitcoin ecosystem to protect user funds with a focus on removing attack vectors that threaten traditional rollups.

Benefits of Spiderchain

• Enhanced Functionality for Bitcoin: Enables developers to build decentralized applications (dApps) on Bitcoin, similar to what's possible on Ethereum.
• Strong Security: Inherits the security of the Bitcoin network through its reliance on Bitcoin block hashes for randomness generation.
• Decentralization: Aims to be a permissionless network, where anyone can participate in securing the platform.
• Familiarity for Developers: EVM compatibility allows developers to port their existing Ethereum dApps to Spiderchain with minimal changes.

Learn more about Spiderchain

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