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News Explorer — How ‘Spiderchain’ Plans to Build Ethereum on Bitcoin

Generated by AI, curated by humans

Sep 18, 10:47 pm

Decrypt

How ‘Spiderchain’ Plans to Build Ethereum on Bitcoin

Spiderchain, a project developed by Botanix Labs, aims to unlock Bitcoin's programming potential by creating a 2-way pegged sidechain. The Spiderchain operates as a Proof of Stake Layer 2 on Bitcoin, allowing users to stake Bitcoin on Bitcoin in decentralized multisigs. It is Ethereum Virtual Machine-compatible and offers scalability, programmability, and privacy features similar to Ethereum.

Spiderchain, a project developed by Botanix Labs, aims to unlock Bitcoin's programming potential by creating a 2-way pegged sidechain. The Spiderchain operates as a Proof of Stake Layer 2 on Bitcoin, allowing users to stake Bitcoin on Bitcoin in decentralized multisigs. It is Ethereum Virtual Machine-compatible and offers scalability, programmability, and privacy features similar to Ethereum.

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Sep 29, 9:15 am

Decrypt

US SEC Delays Decision on 4 Bitcoin ETF Filings, Including BlackRock and Bitwise

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Sep 29, 9:09 am

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Sep 29, 7:48 am

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Circle Says Stablecoins Like USDC Don't Fall Under the SEC's Jurisdiction

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Sep 29, 6:01 am

Decrypt

Musée D’Orsay Partners With Tezos Foundation to Attract New Audiences Through Blockchain-backed Artworks, NFTs

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Sep 28, 11:18 pm

Decrypt

Mark Zuckerberg's Metaverse Plan Is Taking Shape

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Sep 28, 9:13 pm

Decrypt

Ripple Pulls Out of Fortress Trust Acquisition

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Sep 28, 6:14 pm

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Sep 28, 6:08 pm

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Sep 28, 5:39 pm

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Sep 28, 4:01 pm

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Sep 28, 12:00 pm

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Coinbase to Offer Perpetual Futures Trading to Non-U.S. Retail Customers

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Sep 28, 9:46 am

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Binance Advises European Users to Convert EUR Balances to USDT as Paysafe Stops Processing Deposits

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Sep 28, 9:20 am

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Sep 28, 9:07 am

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CZ Denies Being the Owner of CommEX, the Firm That Acquired Binance's Business in Russia

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Sep 28, 8:20 am

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Chainlink Co-Founder Sergey Nazarov Calls Out 'Decentralization Theater' in Crypto Industry

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