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Bridge-in & bridge-out
The currency used on the Botanix blockchain is bitcoin. This means that every bitcoin from the parent chain is worth equally much on the Botanix chain. The total value locked in the Botanix network of multisigs equals to the total amount of bitcoin present on the Botanix chain.
Simply said, bridge-in means the process of lifting Bitcoin from its parent chain to the Botanix chain. This means that you transfer your Bitcoin from the parent chain to Botanix where you will be able to use it with all kinds of decentralized applications which opens up a whole new world!
After the bridge-in process, the on-chain funds remain secured in multisig chain between the different Orchestrator nodes . Botanix uses an account model (in comparison to Bitcoins UTXO model) and bitcoin can therefore move freely on the Botanix chain.
Opposite, the bridge-out means the unlifting of Bitcoin from the Botanix chain back to the Bitcoin parent chain.
Last modified 6d ago