GOAT Network: Bitcoin Layer2's innovative solution

The GOAT Network plans to launch its testnet this quarter and go live with its mainnet in the third quarter. The network has secured commitments of approximately 5000 BTC for liquidity support at the mainnet launch. The first batch of node operators includes several well-known institutions and one undisclosed operator.

GOAT Network is dedicated to addressing the three major challenges faced by Layer2 networks: decentralization, security, and sustainable profits. Its vision is to become a universal Layer2 solution applicable to all Layer1.

With the continuous development of the Bitcoin ecosystem, Layer 2 built on BTC has become a key link in ecological construction. Data shows that BTC Layer 2 related projects raised nearly 100 million dollars in the second quarter of this year, a quarter-on-quarter increase of 174%, reflecting strong interest in this field within the industry.

Currently, there are many BTC Layer2 solutions, but there are no projects that stand out enough in both technology and ecology. As an innovative project, GOAT Network adopts a decentralized sorter and achieves shared ownership of the network, demonstrating great potential.

GOAT Network expands Bitcoin's functionality by implementing Bitcoin Rollup, with its security derived from the underlying Bitcoin blockchain. The network introduces the optimistic challenge protocol GOAT-OCP and leverages BitVM2 and ZKM interwoven Rollup technology to enhance the inclusiveness and finality of transactions.

In response to the challenges faced by Layer2, GOAT Network has proposed the following solutions:

1. Decentralized Sorter: A decentralized sorter has been adopted since the launch of the mainnet, with an initial setup of 7 nodes, each requiring the staking of BTC to ensure network security.

2. Security: The enhanced version of the first-layer application of Bitcoin uses time-lock and one-time signature technology, and zkVM technology in Layer 2 to ensure system security.

3. Sustainable Revenue Model: The decentralized sorter can earn Gas fees in the form of BTC and rewards in GOAT tokens by producing blocks and providing security services.

The goal of GOAT Network is to become a universal Layer2 for all Layer1s, with plans to integrate ecosystems such as Ethereum, TON, and Cosmos in the future. Through its internal Entangled Rollup technology, GOAT Network aims to address the issues of blockchain interoperability and liquidity fragmentation.

The project team consists of experienced professionals, including experts in technology, growth development, economics, and innovation. Team members are all long-term participants and innovators in the Web3 field.

GOAT Network is building a complete ecosystem. Multiple DeFi applications will be launched simultaneously with the mainnet, including decentralized exchanges, lending platforms, perpetual contract exchanges, and zero-fee trading platforms that support BRC-20 and other Bitcoin native assets.

To encourage early participation, the GOAT Network has launched the GOAT Club points program, which includes three types of community points, builder points, and node points. Points holders will have the opportunity to receive future token airdrops.

The innovative concept and comprehensive ecological layout of the GOAT Network are expected to bring new development opportunities to the Bitcoin Layer2 field, providing more practical scenarios and profit possibilities for BTC holders.