GOAT Network: An innovative solution for Bitcoin Layer 2

GOAT Network is an innovative Bitcoin Layer 2 solution aimed at extending the functionality of Bitcoin and addressing the main challenges faced by L2. The project plans to launch its testnet this month and expects to go live with its mainnet in the third or fourth quarter.

Core Features

1. Decentralized Sorter: The GOAT Network has adopted a decentralized sorter from the very beginning, initially involving 7 nodes, each of which must stake BTC to secure the network.

2. Security Assurance: Enhanced time-lock and one-time signature technology are used in the first layer of Bitcoin, while zkVM is employed in Layer 2 to ensure security standards.

3. Sustainable Revenue Model: The decentralized sorter earns gas fees in the form of BTC and GOAT token rewards by generating blocks and providing security, offering sustainable income to participants.

4. Cross-chain compatibility: The goal of the GOAT Network is to become a universal L2 for all L1s, enabling message passing and asset transfer between different networks through the internal Entangled Rollup technology.

Technological Innovation

The GOAT Network introduces the optimistic challenge protocol GOAT-OCP and utilizes BitVM2 and ZKM interleaved Rollup as a general settlement layer, enhancing the inclusiveness and finality of transactions. This innovative architecture aims to address the challenges faced by L2 networks in terms of decentralization, security, and sustainable returns.

Ecosystem

The GOAT Network is building a comprehensive ecosystem and plans to launch multiple key DeFi applications when the mainnet goes live, including a DEX, lending platform, perpetual contract exchange, and BRC-20 asset trading platform.

GOAT Club Points Program

To encourage early participation, GOAT Network has launched the GOAT Club Points Program, which includes:

• Community Points ( CP ): Suitable for small BTC holders
• Builder Points ( BP ): Based on smart contracts' TVL or gas consumption
• Node Points ( SP ): Obtained based on the blocks produced by the node

These points will be eligible for future token airdrops.

Team Background

The GOAT Network team is composed of seasoned experts in the industry, including specialists in technology, economics, and innovation. Team members have extensive experience in Web3 projects and academic backgrounds, providing a solid foundation for the project's development.

With the continuous development of the Bitcoin ecosystem, GOAT Network is expected to become an important player in the BTC Layer 2 space, bringing more utility and profit opportunities for Bitcoin holders.