Can Bitcoin Go Mainstream by Linking with Ethereum’s EVM? 👀
Botanix Labs founder Willem Schroé argues that for Bitcoin to achieve mainstream adoption and real-world utility, it must connect with the Ethereum Virtual Machine (#EVM ).
He believes the EVM is the application layer for the global financial system and sees potential in #bitcoin integrating with the broader financial ecosystem.
Schroé's company, Botanix Labs, is working on a solution called "Spiderchain" to bridge Bitcoin and Ethereum through a #proof-of-stake layer 2 without requiring a Bitcoin fork.
He criticizes existing wrapped Bitcoin solutions for their centralized nature and regulatory vulnerabilities. While some Bitcoin developers are discussing the idea of "drivechains" to bring Ethereum functionality to Bitcoin, not everyone in the Bitcoin community supports expanding its use cases.
Schroé believes that uniting Bitcoin and Ethereum could lead to innovative applications with decentralization and security as core principles.
