In this version, we adopt a dynamic federated model. A single multisig set is established with known trusted federated members. New members can be added and removed. We will utilize a round-robin proof-of-authority consensus model with N federation members. This design is comparable to Liquid (on Bitcoin) and Polygon (on Ethereum).
Building on the previous version, federation members now need to stake bitcoin after joining the federation. This introduces a new dimension to the consensus mechanism. It is worth noting that federation members are not slashed if they are not following consensus rules. There will be chain-halt until a new block producer is chosen.
Once the design is confirmed and battle-tested, mainnet will be launched.
The mainnet will include a permissioned staking for selected partners.
In the initial bootstrapping phase, the Botanix Labs foundation will act as a safeguard to ensure protocol safety until the staking pools are sufficiently decentralized.
Federation members will now be slashed if they are not following the consensus rules or they are unresponsive in any kind
The Spiderchain will come to life and introduce a series of decentralised multisigs, with a subset of federation members chosen to represent each multisig.
Once sufficient Bitcoin is staked on the network, and the network is sufficiently decentralized, we will allow permission-less staking.
Any person in the world will then be able to join and secure the network.
Botanix will join the Lightning Network as the only fully decentralized and permissionless layer 2. Every person in the world will be able to run a full node, verify and join the network.
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