great to see a new project meet our sidesystem standards from the start 🧡 botanix is a federated sidechain. this means that users trust a group of 16 companies with the custody of their funds. the official two-way peg is managed by a signing server that implements FROST. it

By the way, we updated our review pages! Now, users can learn more about specific technical components within the review. For example, you can click a modal that provides a deeper dive into the network's specific custody mechanism. This way we can provide more technical

L2Beat did a great review on this! I also checked out the contracts this morning. Quick post on if this changes the security model related to bitcoin (as bitcoin is mentioned in the OP 🙂) For bitcoin-backed tokens, there's another consideration past the Ethereum <> BOB bridge

Some tooling be built for Bitcoin Layers 🍰. We now have a tool where you can insert a TxID and it generates a breakdown of the script used to spend a UTXO. It then auto-populates a given layers' review with a verified Script if its related to a bridge program.

Excited to continue working on Bitcoin Layers 🧡 I’ve received funding from StarkWare (the creator of Starknet 🐺🐱), Alpen Labs, and Lightspark to maintain the Bitcoin Layers 🍰 open-source repository. @StarkWareLTD, Alpen, and Spark have done extensive R&D on bitcoin scaling,