Botanix Labs is improving Bitcoin by adding features similar to Ethereum. They’re building a Layer 2 solution for creating decentralized applications (dApps) on Bitcoin. This lets you use Bitcoin for lending, trading, and smart contracts, similar to Ethereum.
Overview
Review
Key Benefits
Improved Functionality
Increased Security
Developer-Friendly
Decentralization
DeFi Apps Integration with Bitcoin
Red Flags
Market Adoption
Potential Risks
Staking Requirements
Dependence on Orchestrators