Hassan Maishera
The Ankr team announced via X on Thursday that it has partnered with Aspher and Botanix Labs to play a pivotal role in creating the Spiderchain L2. Spiderchain is the first fully decentralized EVM-equivalent Layer 2 on Bitcoin and is set to usher in smart contracts to the Bitcoin network.
Botanix leverages Bitcoin's Proof-of-Work (PoW) for Layer 1 settlement and decentralization while using a Proof-of-Stake model. Stakes, represented by bitcoin, are securely stored on Spiderchain's decentralized network of multisigs, safeguarded by randomized participants.
Ankr and Aspher will help Botanix Labs in creating custom architecture for the Spiderchain and helping implement all mechanisms of the chain such as staking, consensus, multisigs, and more. The Ankr team will also be a key player in operating the network and ensuring its smooth functioning moving forward.
Ankr Network is building a full-stack cloud infrastructure and marketplace for container-based cloud services. Users can now stake FTM tokens on Ankr to earn ANKR tokens. ANKR is trading at $0.03098, down by 1% in the last 24 hours.
