Unchained
Bitcoin Layer 2s Aim to Attract Ethereum-Like Dapps. Will They Succeed? - Ep.638
Apr 30, 2024
In this engaging discussion, Alexei Zamyatin, co-founder of Build on Bitcoin, Willem Schroé, founder of Botanix Labs, and Orkun Kılıç, co-founder of Chainway Labs, dive into the world of Layer 2 solutions for Bitcoin. They explore the innovative approaches each project takes, from Zamyatin’s hybrid Layer 2 to Botanix's unique 'Spiderchain' and Kılıç's pioneering zk-rollup, Citrea. The trio highlights the potential for improved scalability, security challenges, and the exciting possibilities of bridging Bitcoin with Ethereum-based DApps.
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Quick takeaways
- Layer 2 solutions aim to enhance Bitcoin's capabilities by integrating with Ethereum and improving decentralization.
- Botanix Labs' Spider Chain design ensures security through a decentralized network of multisig nodes.
Deep dives
Decentralized Layer 2: The Spider Chain
Botanix introduces a decentralized layer 2 solution known as the Spider Chain, aiming to merge Bitcoin's secure money aspect with Ethereum's applications. The Spider Chain design consists of a decentralized network of multisig nodes, increasing in security as more nodes participate. Decentralization is the key security aspect, with up to 10,000 nodes creating a secure environment.
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