GOAT Network: Innovative solution for BTC Layer2

GOAT Network is an upcoming Bitcoin Layer2 project aimed at addressing the current challenges faced by L2 in terms of decentralization, security, and sustainable returns. The project plans to launch its testnet this month and go live on the mainnet in the third quarter of this year.

The GOAT Network adopts multiple innovative technologies, including decentralized oracles, enhanced Bitcoin time-locks, and one-time signature technology, as well as the zero-knowledge virtual machine developed by ZKM. These technologies together ensure the security and stability of the network.

In terms of decentralization, the GOAT Network will adopt a decentralized sorter from the very beginning of its mainnet launch. Currently, 5 founding sorter nodes have been confirmed, committing to provide over 5,000 BTC in liquidity. These nodes include several well-known institutions, such as a certain asset management company.

In terms of security, the GOAT Network applies advanced protection technology at the first layer of Bitcoin, while using zkVM technology at the Layer 2 level to ensure that the system meets security standards comparable to the Bitcoin base layer.

To achieve sustainable earnings, the GOAT Network has designed a mechanism that allows node operators to earn Gas fees in the form of BTC and mining rewards in the form of GOAT tokens by producing blocks and providing security services. This mechanism provides various participants with the opportunity to obtain sustainable earnings.

The long-term goal of the GOAT Network is to become the universal Layer 2 solution for all L1s. In addition to the Bitcoin ecosystem, it plans to integrate other mainstream blockchains in the future. Through its internal Entangled Rollup technology, GOAT Network aims to address the issues of blockchain interoperability and decentralized liquidity, while avoiding the security risks associated with traditional cross-chain bridges.

The project team is composed of experienced industry experts, including technical experts who previously founded the blockchain department of a well-known internet company, as well as scholars with a strong background in finance and computer science. The rich experience of the team members provides strong support for the project's technical implementation and economic model design.

The GOAT Network is building a complete ecosystem and plans to launch multiple key DeFi applications upon the mainnet launch, including a decentralized exchange, lending platform, perpetual contract exchange, and more. Additionally, the project will support zero-fee trading for BRC-20 and other Bitcoin native assets.

To attract early users, GOAT Network has launched the GOAT Club points program. Users can earn different types of points by holding BTC, developing applications, or operating nodes, and these points may be used in the future to obtain airdrop rewards.

As the Bitcoin ecosystem continues to evolve, GOAT Network is expected to become a key player in the BTC Layer2 space, providing Bitcoin holders with more practical scenarios and opportunities for profit.