It is sometimes referred to as a ‘spiderchain’ due to its ‘web’ of multisig wallets that are created at every Bitcoin block as part of its security and programmability model.
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Botanix Labs launches mainnet for its Bitcoin programmability layer with support from Alchemy, Antpool, Galaxy, among other node operators
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The Botanix network secures its Layer 2 protocol using a system called Spiderchain, which employs BTC-staked Orchestrator nodes selected from Bitcoin block hashes to manage peg-ins and peg-outs via rotating multisig wallets.
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