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Botanix Launches Mainnet to Power the Bitcoin Economy with Chainlink, Fireblocks, GMX, Dolomite and Others
In a groundbreaking move, Botanix has announced the launch of its mainnet, aiming to transform the Bitcoin economy by providing a decentralized platform for various use cases. This milestone marks a significant shift in the cryptocurrency landscape as it brings together industry-leading partners such as Chainlink, Fireblocks, GMX, Dolomite and others.
As stated in the official release, Botanix is not only an EVM-equivalent Bitcoin L2 but also a protocol that prioritizes decentralization from inception. This means that no single entity, including Botanix Labs, can exert control over the network or influence user transactions.
The company has taken extensive steps to ensure the security and integrity of its platform by integrating renowned names such as Chainlink. This collaboration will enable developers to create advanced applications, unlock new utility for Bitcoin, and potentially redefine what is possible with this cryptocurrency.
“We’ve spent the last two years building Botanix to give Bitcoin real utility without compromising on self-custody,” said Willem Schroé, CEO and Co-Founder of Botanix Labs. “Too many Bitcoiners have been burned by centralized platforms, which is why Botanix is fully decentralized at launch. No single party, including us, can touch a user’s Bitcoin.”
Botanix has made significant progress since its inception in 2023. The testnet has completed an astonishing 26 million transactions since December last year, and the mainnet is now live, offering unparalleled transaction speeds with block times reduced from 10 minutes to just five seconds and average transaction fees of $0.02.
The platform’s vision does not stop at simply providing a scalable and secure environment for Bitcoin-based applications but also strives to become the rails of a new financial system.
Source: cryptopotato.com
