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Botanix Labs has launched the first fully decentralized Bitcoin Layer 2 (L2) mainnet, enabling Bitcoin-native DeFi applications with faster transactions and lower fees. The network is supported by industry leaders like Chainlink and Fireblocks, marking a major milestone for Bitcoin’s utility. Additionally, Botanix introduces ‘Bitcoin 2100,’ a gamified experience to explore its ecosystem.
- Botanix is the first decentralized Bitcoin L2 with EVM compatibility, enabling DeFi applications like trading, staking, and lending directly on Bitcoin.
- The network reduces Bitcoin's block time from 10 minutes to 5 seconds and maintains an average transaction fee of $0.02.
- Bitcoin 2100, a gamified experience, allows users to earn bitcoin while exploring live Botanix applications in a retro-futuristic virtual world.
📎 Related coverage from: cryptopotato.com