Botanix, a layer-2 blockchain built on Bitcoin, launched its mainnet on Tuesday, aiming to enhance decentralized finance (DeFi) applications by integrating features from Ethereum. The network facilitates trading, lending, borrowing, and staking, all using Bitcoin. Founded in 2023, Botanix emphasizes decentralization from the outset, with a federation of independent node operators, including Galaxy Digital and Fireblocks, ensuring no single entity can control the network. Co-founder Willem Schroé stated that to create a Bitcoin-centric world, systems must respect self-custody principles. Among the decentralized applications on Botanix are Dolomite, a money market, and GMX, a decentralized exchange for perpetual futures. Botanix is designed to be EVM-equivalent, allowing developers to easily migrate Ethereum applications. With Bitcoin representing 62% of the crypto market, Botanix aims to leverage this to expand Bitcoin's utility beyond mere holding. The company also introduced 'Bitcoin 2100,' a browser game that educates players on Bitcoin's programmability while allowing them to earn small amounts of Bitcoin. Read more AI-generated news on: https://app.chaingpt.org/news

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