Connecting Bitcoin to Ethereum's Web3 Ecosystem Could Enable New Applications, But Faces Opposition

Mainstream Bitcoin adoption requires connecting to Ethereum's EVM and real-world assets like DeFi and NFTs, argues Web3 executive.

Botanix Labs aims to connect Bitcoin and Ethereum via "Spiderchain" layer 2 using EVM bridges, without forking Bitcoin.

Similar proposal is Bitcoin Improvement Proposal-300 "drivechains" to enable sidechains and EVM-like functionality.

Some oppose expanding Bitcoin's use cases beyond P2P payments and store of value to avoid scammers.

Combining Bitcoin and Ethereum could enable new decentralized, secure applications, argues Web3 exec.