A Belgian polymath and his team are building a “spiderchain” network that harnesses both bitcoin’s sound money properties and Ethereum’s technological capabilities.
When Willem Schroé was 17, he came in third out of 10,000 in a national math competition in Belgium, his home country. His prize was a book on botanics, the study of mathematics and fractals in nature. The book inspired awe in him, as he was humbled by the notion that physics and mathematics are bigger than any one of us. Today, he feels the same way about Bitcoin, which is why he’s building a groundbreaking Layer 2 on the network. But, before we get to that, let me offer you some background on Schroé.
Frank Corva is the Business-to-Business Correspondent at Bitcoin Magazine and host of the new renaissance capital podcast.
Schroé completed a bachelor’s and master’s degree in engineering at KU Leuven, the best university in Belgium and one of the best universities in the world. For his graduate degree, he focused on cryptography with a specialization in authenticated encryption and forward secrecy. He pursued his studies in the school’s world-renowned Computer Security and Industrial Security (COSIC) program, where legendary cryptographers David Chaum and Len Sassaman once lectured. Schroé’s thesis advisor was Vincent Rijmen, inventor of the Advanced Encryption Standard (AES), which the U.S. government uses to protect classified data.
After graduating, Schroé couldn’t find a tech gig in Belgium, so he went into chemical engineering. He landed a job at a joint venture between ExxonMobil and SABIC in Saudi Arabia. On a business trip to Lebanon in 2019, he saw the ravaging effects of hyperinflation on the country. Deeply impacted by the experience, he decided to focus on building a better financial system on Bitcoin.
“I committed myself to spending all my resources, all my capabilities to make sure I helped Bitcoin succeed as soon as possible, because I could really see the world was moving faster and faster into a darker place,” says Schroé. “I see Bitcoin as being the light.”
Soon after, he applied and was accepted to Harvard Business School. While at Harvard, he continued to think about how to move Bitcoin forward but also took notice of the popularity of NFTs and the amount of trading volume on decentralized exchanges (DEX). He still believed in bitcoin as sound money but could not ignore the other technologies in the crypto space that were achieving product-market fit. This is when he conceptualized Botanix, a Bitcoin Layer 2 that employs bitcoin as money on the Ethereum Virtual Machine (EVM) via a novel design structure that Schroé calls “the spiderchain.” The name Botanix was inspired by the subject of the book he won at age 17 — a nod to the idea that Bitcoin, which is governed by mathematics, is bigger than all of us.
Fast-forward to late-2023 and the Botanix testnet is live.
I spoke with Schroé virtually while he was attending ETHDenver, in March, to learn about how he thinks Botanix will be received by both the Bitcoin and Ethereum communities, why proof-of-stake is a secure consensus mechanism for a Bitcoin Layer 2 and what challenges he’s faced in deploying the Botanix testnet.
Interview has been condensed and lightly edited for clarity.
Please tell us about what you’re building at Botanix. You’re bringing the EVM to a Bitcoin Layer 2. Why do you think people want to use...
https://www.coindesk.com/consensus-ma...
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