blockchainreporter.net
Botanix Labs has partnered with Ankr and Asphere to develop Spiderchain, a new Layer 2 (L2) solution for Bitcoin. This collaboration aims to enhance accessibility, scalability, and reliability for Bitcoin builders and users within the Spiderchain ecosystem.
🚀 We are excited to share that Ankr & Asphere have teamed up with @BotanixLabs to play a pivotal role in creating the Spiderchain L2!
— Ankr (@ankr) July 18, 2024
The Spiderchain is a groundbreaking project bringing smart contracts to the Bitcoin network!
Let's get in to the details 🧵 pic.twitter.com/IV1xxZ1CAd
Botanix Labs is pioneering infrastructure to transform Bitcoin beyond its role as sound money into a programmable layer foundational for the future of finance. Their innovative approach involves creating Spiderchain, the first fully decentralized EVM-equivalent L2 on Bitcoin. This layer leverages the security and decentralization of Bitcoin’s Proof-of-Work (PoW) as a base settlement layer, combined with a Proof-of-Stake (PoS) consensus model. Bitcoin will be securely staked on Spiderchain through a network of decentralized multisigs, enabling anyone to stake their BTC on the Bitcoin network.
Need for Advanced Solutions
According to the firm, to build Spiderchain, Botanix Labs required advanced solutions, including engineering assistance from a top Web3 infrastructure provider, Layer 2 design and staking expertise, and high-performance RPC node operations for developers. Ankr and Asphere’s extensive experience in blockchain solutions made them the ideal partners for this endeavor.
Ankr and Asphere provide bespoke services to Botanix Labs, including engineering assistance to create the Spiderchain L2. Their team, known for working with major blockchain names like Microsoft, Binance, and Polygon, is helping Botanix Labs design a custom architecture for Spiderchain. This includes implementing mechanisms such as staking, consensus, multi-sigs, and operating the network to ensure its smooth functioning.
Ankr and Asphere will deploy and operate a global network of Spiderchain nodes. This network will provide public and private endpoints for developers, enabling them to connect to the blockchain. The Remote Procedure Call (RPC) connections will be vital, allowing developers’ wallets, command-line interfaces, and decentralized applications (dApps) to interact with the Spiderchain mainnet nodes.
Botanix Labs selected Ankr and Asphere for their unparalleled experience in creating scalable blockchain infrastructure across diverse ecosystems. Their blockchain design and development expertise aligns perfectly with Botanix Labs’ vision for seamless and timely development of the Bitcoin L2 solution.