Build on Bitcoin (BOB), Botanix, and Citrea plan to bring DeFi, perps, stablecoins, and much more to the Bitcoin ecosystem. Here’s how.
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In this episode of Unchained, host Laura interviews Alexei Zamyatin, co-founder of Build on Bitcoin, Willem Schroé, founder of Botanix Labs, and Orkun Kılıç, co-founder of Chainway Labs. They discuss their respective projects, all of which are focused on developing Layer 2 solutions for Bitcoin.
Zamyatin's Build on Bitcoin is a hybrid Layer 2 that connects to both Bitcoin and Ethereum, aiming to bring innovation back to the Bitcoin ecosystem. Schroé's Botanix Labs is developing a decentralized Layer 2 solution using the ‘Spiderchain,’ which uses a series of multi-signature wallets to secure the chain. Kılıç's Chainway Labs is building Citrea, a zk-Rollup on Bitcoin that aims to create a Bitcoin-backed economy.
All three projects are in various stages of development and testing, with BOB’s mainnet launch expected shortly.
Show highlights:
- Introduction to Build on Bitcoin (BOB), Botanix, and Citrea: How they aim to innovate and expand Bitcoin's capabilities, including their architectural designs that integrate Ethereum users and work toward decentralization and trustlessness.
- Security Aspects and Integration Strategies: What the security risks associated with BOB, Botanix, and Citrea are, and strategies to enhance decentralization over time?
- How these layer 2s influence Bitcoin fees, and how Botanix's integration can leverage the Bitcoin ecosystem, with insights on the potential of Layer 3s and zk-rollups to transform Bitcoin's utility and fee dynamics.
- How these projects aim to attract Ethereum users and developers, and the reasons why this may be an attractive opportunity for them
- How Runes, Ordinals, and BRC-20s operate on Citrea, Botanix, and BOB
- How Bitcoin is always a derivative when it’s not in its layer 1 and the pros and cons of different bridging solutions
- The concept of forward secrecy and how it can help improve security in blockchains
- Why Willem believes that Layer 3s are possible and bullish for Bitcoin
- How ‘merged mining” resembles Ethereum’s restaking and why it’s positive for Bitcoin
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Thank you to our sponsors! Polkadot
Guests |
Willem Schroé, founder of Botanix Labs
Orkun Kılıç, cofounder of Chainway Labs
Alexei Zamyatin, cofounder of Build on Bitcoin
Links |
Recent coverage on Unchained of Bitcoin L2s:
Stacks’ Muneeb Ali On Why Bitcoin Is Exciting Once Again
Build on Bitcoin
Citrea
Botanix
Learn More |
Unchained:
What Is the OP_CAT Bitcoin Improvement Proposal?
What Are Opcodes in Bitcoin? A Beginner's Guide
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Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz.
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