Botanix Labs has launched Botanix, a Bitcoin-based joint Sidechain with 16-node founding federation that includes XBTO, Fireblocks, Antpool, Utxo Management and other entities (the full list below).
The federal government ensures that no one entity (including botany laboratories) controls the network. Botanix Labs has abandoned its operational responsibilities and transferred governance and consensus to node operators. The network plans to grow into a dynamic consortium that supports hundreds of nodes, with the long-term goal of enabling anyone to run plant nodes. The network’s main network is scheduled to be launched later this quarter.
“The Bitcoin economy cannot be built on a centralized track. Thanks to this 16-node founding federation, we have stripped centralized control and laid the foundation for a completely licenseless future,” Willem Schroé, CEO and co-founder of Botanix Labs, noted in a press release.
Botanix’s design emphasizes resilience, with distributed nodes and different kinds of security hardware to minimize a single point of failure. The purpose is to support consistent availability and unverified transaction processing and to be consistent with Bitcoin’s security and open access principles. Their use of the so-called “spider chain” protocol can make Ethereum virtual machines compatible, allowing applications such as lending and depositing directly on the network without the need to package assets or bridges.
Philippe Bekhazi, co-founder and CEO of XBTO, commented: “Institutional interest in Bitcoin continues to grow, but this growth depends on a secure, decentralized infrastructure that can meet professional market standards.”
Bekhazi also pointed out XBTO’s commitment to support Botanix.
Founded in 2023, Botanix Labs has developed the Spider Chain Solution and launched Botanix. Since the network now runs independently, the lab focuses on research, developer tools and ecosystem support. Botanix enables developers to build financial applications while maintaining the basic layer integrity of Bitcoin.
The network’s decentralized structure supports scalability and security of Bitcoin-related applications. When Botanix prepares for the mainnet release, it aims to expand its federation and move towards further decentralization.
The complete pioneering plant associations include Botany, Milky Way, Fuel Board, Alchemy, XBTO, Ant Pool, UTXO Management, Kiln, Chorus, No. 1, Undefinedxblockpi, Daic, Daic, Tier tquin, Stakin, Stakin, Vertex, Stakeex, Stake.fish.fish.fish.fish.fish.fish.fish and Hashkey Cloud.
Bitcoin Magazine wholly owned by BTC Inc. UTXO Managementis a regulated capital allocator with a focus on the digital asset industry. UTXO has invested in various Bitcoin businesses and maintained a significant holding in digital assets.
