In this episode of Unchained Premium, Laura Shin explores with Willem Schroe from Botanix Labs how their cutting-edge Layer 2 solution built on Bitcoin could reshape the Bitcoin landscape.

Schroe delves into the potential of Ethereum Virtual Machine (EVM) smart contracts on the Bitcoin network, highlighting how this innovative approach could bridge the gap between Bitcoin’s UTXO model and Ethereum’s account model. The discussion extends to the technicalities of Botanix’s Layer 2, the Spiderchain, and the role of decentralized multi-signature wallets in maintaining network security.

The episode also touches upon the broader implications of this integration for Bitcoin’s transaction fees and network security, the potential market competition with Wrapped Bitcoin (WBTC), and the diverse community reactions to Botanix Labs’ pioneering initiative.

Watch the full interview