@jollyjester
Botanix is a newly launched Bitcoin L2 that combines proof-of-stake validation with Bitcoin pegs through a novel architecture called Spiderchain.
At its core, a rotating set of coordinator nodes manages a multi-signature Bitcoin bridge. These nodes are selected using Bitcoin block hashes as random entropy and require actual Bitcoin to be staked on Bitcoin L1. The network periodically submits state hashes to Bitcoin, making Bitcoin the final checkpoint for the Botanix chain.
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