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Every blockchain needs nodes that make sure that the protocol runs smoothly and that transactions are being validated. At Botanix, we call them Orchestrator nodes.
So what do they do? The Orchestrator nodes are responsible for running the Botanix protocol and they provide liquidity both on the Bitcoin side as on the Botanix side. When users send bitcoin to Botanix, the actual Bitcoin resides in multi-signature wallets between different Orchestrators. Orchestrator nodes participate in the Spiderchain and are the only entity able to construct new blocks, mint and burn the BTC on Botanix.
Anyone who wants can run an Orchestrator node after putting in a stake. In case of malicious operation, the Bitcoin stake will be slashed. This means that Orchestrator nodes can lose part or all of their stake in case of bad behavior. The security of the Spiderchain then follows the security models seen in Proof-of-Stake. As long as the number of adversarial collaborating actors is overwhelmed by the other Orchestrators, the security is mathematically guaranteed. If you're interested in running your own node, then we encourage you to read the docs for how to run a node.
With every Bitcoin block, a new multi-signature wallet is created. The Orchestrators guarding this multisig wallet are randomly selected from our vast, decentralized network around the world.
Botanix has a vision to become a permissionless protocol. This goal will however be reached in different phases. At first, the staking pool will consist only of nodes run by Botanix. Next, we open up to staking pools of trusted partners to enter the network. In the third phase, we do not only allow staking pools but also other individual participants to join. In the last phase, the protocol will be completely permission-less. For more information, read chapter 4.6 in the whitepaper.