Skip to playerSkip to main contentSkip to footer
  • 2 days ago
Discover Botanix, the game-changing Bitcoin Layer 2 sidechain bringing DeFi to the world’s most secure blockchain! In this video, we explore how Botanix’s Spiderchain and EVM compatibility enable smart contracts, decentralized exchanges, and NFT marketplaces using Bitcoin. Learn how it works, why it matters, and what’s next for Bitcoin DeFi in 2025. Subscribe to BlockBit for more crypto and tech insights! #Bitcoin #DeFi #Botanix

Category

🤖
Tech
Transcript
00:00What's good BlockBitFam? Can Bitcoin do DeFi? I'm your name and today we're exploring Botanix,
00:07the sidechain bringing decentralized finance to Bitcoin. This could change the game into 025,
00:14let's break it down. So what's Botanix? It's a Bitcoin layer to sidechain that lets you use
00:21smart contracts DeFi and dApps things you'd normally find on Ethereum. It uses a unique
00:27system called SpiderCane to secure transactions with Bitcoin's blockchain. Think of it as a bridge
00:33between Bitcoin's security and Ethereum's flexibility. Here's the cool part, Botanix is
00:39FMEM compatible, meaning you can use Ethereum tools like Metamask to interact with it. You can stake
00:45Bitcoin, earn yields, or trade on decentralized exchanges all powered by Bitcoin's network.
00:52It's in Testnet and in July 1st is available in Manet, so it's a big deal.
00:57Why should you care? Botanix unlocks DeFi for Bitcoin. Think swaps, lending,
01:03or even end marketplaces, all backed by Bitcoin's massive security. It's already making waves in
01:09Testnet with thousands of users trying it out. This could bring billions in value too.
01:15Bitcoin's ecosystem by 2025. That's Botanix, the future of Bitcoin DeFi.
01:21Are you excited? Drop your thoughts in the comments. Want more Bitcoin news? Check our Bitcoin news
01:30playlist and subscribe to BlockBit for weekly updates. Catch you in the next one.

Recommended