<ul><li>Botanix Labs has launched Botanix on testnet as a federated sidechain built on Bitcoin with a 16-node founding federation.</li><li>The federation ensures decentralized control, with Botanix Labs transferring governance and consensus to the node operators.</li><li>Botanix aims to support hundreds of nodes in the future for a fully permissionless network, emphasizing resilience and uncensorable transaction processing.</li><li>The founding Botanix federation includes entities like XBTO, Fireblocks, and UTXO Management, with the mainnet launch scheduled for later this quarter.</li></ul>

Botanix Launches Federated Sidechain with 16 Members On Testnet

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