Bitcoin’s adoption will be “catapulted” when it connects to the Ethereum Virtual Machine, argues Botanix Labs founder Willem Schroé.
Botanix Labs founder Willem Schroé argues a “huge amount of value” from real-world assets will be captured on Bitcoin, provided it connects to the Ethereum Virtual Machine.) adoption won’t happen until it bridges to the Ethereum Virtual Machine — the first point of entry for many real-world assets moving on-chain, a Web3 executive argues.
“Bitcoin is the most technologically secure and truly decentralized protocol the EVM has proven itself to be the application layer for the global financial system,” Schroé said. Connecting Bitcoin to Ethereum-based real-world assets, stablecoins, decentralized finance and nonfungible tokens via the EVM is the first step in that direction, Schroé argued.Schroé’s Botanix Labs aims to connect the Bitcoin and Ethereum ecosystems through its “Spiderchain” — a proof-of-stake layer 2 that implements EVM to EVM bridges to enable Bitcoin to interact with the EVM.
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