Botanix Labs Collaborates with Ankr & Asphere to Launch Spiderchain: A New Bitcoin Layer 2 Solution

Introduction

Ankr and Asphere have joined forces with Botanix Labs to create the Spiderchain Layer 2 solution, bringing enhanced accessibility, scalability, and reliability to the Bitcoin ecosystem. This collaboration marks a significant advancement for Bitcoin builders and users.

The Botanix Labs Story

Botanix Labs is at the forefront of transforming Bitcoin from merely sound money to a programmable layer that serves as a foundation for the future of finance. They are pioneering the first fully decentralized EVM-equivalent Layer 2 on Bitcoin, known as Spiderchain. This innovation combines the ease and versatility of the Ethereum Virtual Machine (EVM) with Bitcoin’s unparalleled decentralization and security.

Leveraging Bitcoin’s PoW for Spiderchain

By utilizing Bitcoin’s Proof-of-Work (PoW) as a Layer 1 for base settlement and decentralization, Botanix Labs employs a Proof-of-Stake (PoS) consensus model. In this system, Bitcoin stakes are securely stored on the Spiderchain, a distributed network of decentralized multisignature wallets, protected by a randomized subset of participants. This setup enables anyone to stake their BTC on the Bitcoin network, enhancing security and decentralization.

Botanix Labs’ Need for Advanced Solutions

To build Spiderchain, Botanix Labs required advanced engineering solutions and expertise in Layer 2 design, staking, and high-performance RPC node operations. They turned to Ankr and Asphere, renowned for their experience in blockchain infrastructure and integrations.

Ankr & Asphere's Bespoke Services

Ankr and Asphere have a proven track record in blockchain solutions for major entities like Microsoft, Binance, and Polygon. They are assisting Botanix Labs with custom architecture for Spiderchain, implementing mechanisms such as staking, consensus, and multisigs. Additionally, Ankr and Asphere are deploying and operating a global network of Spiderchain nodes, providing both public and private endpoints for developers.

Public & Paid Blockchain RPC Connections

The RPC (Remote Procedure Call) service is crucial for connecting developers’ wallets, command-line interfaces, and dApps to the Spiderchain mainnet nodes, enabling seamless execution of read and write interactions on the network.

Why Botanix Labs Chose Ankr & Asphere

Botanix Labs selected Ankr and Asphere due to their unparalleled expertise in creating scalable blockchain infrastructure across various ecosystems. Their comprehensive knowledge in blockchain design and development was instrumental in realizing Botanix Labs' vision for a Bitcoin Layer 2 solution.

Introducing Spiderchain

Spiderchain, a novel blockchain project developed by Botanix Labs, Ankr, and Asphere, brings smart contract functionality to the Bitcoin network. It expands Bitcoin's capabilities while preserving its core strengths of security and decentralization. Key aspects of Spiderchain include:

• Utilizing a decentralized network of multisig wallets for security.

• Adding a Proof-of-Stake layer to Bitcoin, enabling native yield from dApps without altering Bitcoin Core.

• Introducing forward security to protect user funds and mitigate attack vectors affecting traditional rollups.

Benefits of Spiderchain

• Enhanced Functionality: Allows developers to build dApps on Bitcoin, similar to Ethereum.

• Strong Security: Relies on Bitcoin block hashes for randomness generation.

• Decentralization: A permissionless network open to all participants.

• Developer Familiarity: EVM compatibility facilitates easy porting of Ethereum dApps to Spiderchain.

Final Thoughts

The collaboration between Botanix Labs, Ankr, and Asphere to create Spiderchain represents a significant leap forward for Bitcoin's evolution. By integrating advanced technology and innovative solutions, they are paving the way for a more accessible, scalable, and secure Bitcoin ecosystem. Join the Spiderchain revolution and be part of the future of finance.