Spiderchain allows any Ethereum app or smart contract to be transferred to Bitcoin, introducing smart-contract capabilities to the Bitcoin network.
Botanix Labs raised $8.5 million for Spiderchain, aiming to enhance Bitcoin with Ethereum-like features, facilitated by the EVM compatibility of Spiderchain.
"Bitcoin has proven itself to be the most secure monetary network in history," says Botanix Labs co-founder, emphasizing Bitcoin's potential to evolve into a global monetary network.
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