Botanix’s Spiderchain protocol was purpose-built to support Ethereum-style smart contracts on Bitcoin by making the network compatible with the Ethereum Virtual Machine (EVM).
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Botanix is a Bitcoin Layer 2 scaling solution that introduces Ethereum-compatible smart contract functionality through the so-called Spiderchain, a concept introduced in 2022. It uses a decentralized “web” of multisig wallets and a proof-of-stake consensus model to enable more complex transactions and DeFi activity directly on Bitcoin, without requiring changes to the base layer.
Botanix's protocol Spiderchain was built to be compatible with the Ethereum Virtual Machine (EVM), the software that powers Ethereum.
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