Bitcoin Layer-2 Network Botanix Launches Mainnet, Touts Decentralization 'From the Start' - Decrypt
Botanix, a Bitcoin layer-2 blockchain, launched its mainnet Tuesday as it attempts to bring more DeFi capabilities to the BTC network. Botanix, a layer-2 blockchain built on Bitcoin, launched its mainnet on Tuesday. The network has touted its decentralization credentials, revealing a federation of notable node operators.At $2.1 trillion, Bitcoin represents around 62% of the crypto market’s value, according to crypto data provider CoinGecko. Projects like Botanix aim at using investors’ deep reserves to power DeFi applications and increase the asset’s utility beyond buying and holding. Whether it’s Sui, Cardano, or Aptos, layer-1 networks have recently sought Bitcoin integrations, too.Botanix, a Bitcoin-based layer-2 blockchain, underwent its mainnet debut on Tuesday, Botanix Labs, the network’s creator, said in a press release.Bitcoin Layer-2 Network Botanix Launches Mainnet, Touts Decentralization 'From the Start'