💥 Gate Square Event: #PostToWinCC 💥
Post original content on Gate Square related to Canton Network (CC) or its ongoing campaigns for a chance to share 3,334 CC rewards!
📅 Event Period:
Nov 10, 2025, 10:00 – Nov 17, 2025, 16:00 (UTC)
📌 Related Campaigns:
Launchpool: https://www.gate.com/announcements/article/48098
CandyDrop: https://www.gate.com/announcements/article/48092
Earn: https://www.gate.com/announcements/article/48119
📌 How to Participate:
1️⃣ Post original content about Canton (CC) or its campaigns on Gate Square.
2️⃣ Content must be at least 80 words.
3️⃣ Add the hashtag #PostTo
Botanix launches an innovative mechanism to prevent Double Spending on the Bitcoin Layer 2 network.
According to Gate News bot, the Bitcoin Layer 2 network Botanix has launched a technical solution to prevent Double Spending. This solution is based on the Spiderchain federated attestation Bitcoin chain and employs a rotating multisignature Wallet structure to manage fund flows. Currently, a 2-of-3 signing mechanism is implemented, with plans to upgrade to a 12-of-16 signing mechanism in the future.
The system requires that the deposit ( peg-in ) and withdrawal ( peg-out ) operations must obtain the signatures of the majority of coordinators. Based on the Bitcoin UTXO model, Botanix has designed the “conflict input mechanism”, where each peg-out transaction needs to reference the previous output as input. Transactions that reuse the same UTXO will be rejected by the network. This mechanism, combined with the staking penalty mechanism of PoS consensus, ensures the secure bidirectional bridging of cross-chain assets on both technical and incentive levels.
Source: wublock123
Original link