Wu said that Botanix Labs has learned that it has used Ankr and Asphere to create a new Bitcoin L2 Spiderchain. Botanix uses Bitcoin's Proof of Work (PoW) as the first layer of basic settlement and decentralization, and will use a Proof of Stake (PoS) consensus model, where the stake (represented by Bitcoin) will be securely stored on Spiderchain, a decentralized multi-signature distributed network protected by a random subset of participants, which will enable anyone to stake BTC on the Bitcoin network. Spiderchain brings smart contract capabilities to the Bitcoin network, which utilizes a decentralized multi-signature wallet network to ensure security; it adds a proof-of-stake layer to Bitcoin, unlocking the native benefits of dApps deployed to the Spiderchain EVM without any consensus changes to Bitcoin Core.