RunesTerminal x Botanix Labs — Scalability on Bitcoin

Botanix Labs is transforming Bitcoin from the greatest currency ever created into a programmable layer that will underpin the future of finance by building the Spiderchain.

Their approach involves building the first fully decentralized EVM-equivalent Layer 2 on Bitcoin, combining the ease and versatility of the Ethereum Virtual Machine (EVM) with the decentralization and security of Bitcoin.

Key Features of Botanix Labs:

• Decentralized EVM Layer 2: Botanix Labs is creating a fully decentralized EVM-equivalent Layer 2 on Bitcoin called the Spiderchain that leverages Bitcoin’s Proof-of-Work (PoW) as the base layer for settlement and decentralization.
• Proof-of-Stake Consensus Model: The Spiderchain will utilize a PoS consensus model where stakes, represented by Bitcoin, are securely stored on the Spiderchain — a distributed network of decentralized multisigs safeguarded by a randomized subset of participants.
• Staking Opportunities: Anyone will be able to stake their Bitcoin on the Bitcoin network, enhancing the security and functionality of the system.

Botanix Labs’ EVM L2 is a decentralized, Turing-complete Layer 2 EVM built using BTC.

It operates using two core components:

1. The Ethereum Virtual Machine: A PoS consensus protocol that leverages Bitcoin’s PoW for superior security. Stakes are represented by actual BTC stored securely within multi-signature wallets on the Bitcoin network.
2. The Spiderchain: A dynamic and ever-evolving set of decentralized multisigs that secure all the BTC on the Spiderchain. This L2 pioneers “decentralized multisigs,” a distributed network of multisigs safeguarded by a randomized subset of participants, ensuring a truly decentralized protection mechanism.

RunesTerminal will use the Spiderchain’s EVM architecture to facilitate investments into Runes through RunesTerminal’s proprietary launchpad, RunesPad.

This integration provides a seamless and secure investment experience, leveraging the combined strengths of both platforms.

The Spiderchain’s marrying of the EVM, Bitcoin’s Proof-of-Work, and the efficiency of a Proof-of-Stake consensus model sets a new standard in the blockchain space.

The Spiderchain’s decentralized multisigs ensure robust security and true decentralization, making it an ideal partner for RunesTerminal.

This partnership strengthens both entities’ technological capabilities and opens new avenues for users to engage with the Bitcoin and Runes ecosystems.

RunesTerminal is built specifically for Runes-era Bitcoin. It is designed as a hub for all Runes-based activity and offers investors first access to promising new Runes projects through its innovative launchpad — RunesPad.

RunesPad consists of two key segments:

1. Trust-Based (vetted): This segment promotes rigorously vetted, top-tier projects that have passed a stringent selection process. Investors can be assured of the quality and potential of these projects, given their thorough evaluation.
2. Trustless (wild-west): Open to all projects, this segment allows innovative projects to find market exposure and funding without stringent vetting. This democratized approach enables a broader range of projects to gain support and backing.

Keep up to date with RunesPad and additional RunesTerminal announcements through:

Telegram |Discord | Twitter | Website