For users, the Spiderchain peg offers a crucial promise: fast exit back to Bitcoin itself, according to Willem Schroé, CEO and co-Founder of Botanix Labs
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Botanix, a Bitcoin-based EVM chain, reaches mainnet
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The Spiderchain multisig system introduced by Botanix enables fast and permissionless withdrawals back to Bitcoin, directly addressing long-standing criticisms of wrapped Bitcoin models on Ethereum.
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