According to Foresight News, the Bitcoin Layer 2 Botanix mainnet has launched, reducing the Bitcoin new block generation time from 10 minutes to 5 seconds. Botanix Labs stated that the mainnet is EVM compatible.
Botanix adopts a decentralized governance structure, operated by a foundation composed of 16 node operators. The BTC collateral stablecoin Palladium and the decentralized exchange Bitzy in the Botanix ecosystem also launched alongside the mainnet.