GOAT Network: An innovative solution for BTC Layer2

The development of the Bitcoin ecosystem has made the ecological construction around BTC an important focus of Web3. As the core of BTC ecological construction, Layer 2 solutions built on BTC have attracted significant funding, demonstrating strong industry expectations for BTC Layer 2.

Among the many BTC Layer2 solutions, the GOAT Network stands out for its innovation and potential. As the first BTC Layer2 project in the entire network to adopt a decentralized sorter and share network ownership, the goal of the GOAT Network is to become a universal L2 solution applicable to all L1.

GOAT Network Overview

The GOAT Network expands Bitcoin functionality by implementing Bitcoin Rollup, with its security deriving from the underlying Bitcoin blockchain. The network introduces the optimistic challenge protocol GOAT-OCP and utilizes BitVM2 and ZKM interwoven Rollup technology to enhance transaction inclusivity and finality. The decentralized sequencer design further ensures the stability of the network and the security of assets.

The testnet of the GOAT Network is about to be launched, with the mainnet expected to go live in the third or fourth quarter of this year. At the same time, the GOAT Club points program will provide fair and sustainable reward opportunities for BTC holders.

Addressing the Three Major Challenges Facing L2

The GOAT Network has proposed innovative solutions to the three major challenges commonly faced by L2 networks: decentralization, security, and sustainable returns.

1. Decentralized Sorter: GOAT has adopted a decentralized sorter since its mainnet launch, with an initial total of 7 sorting nodes, each of which must stake BTC to protect the network. Currently, 5 founding sequencer nodes have been confirmed, committing over 5,000 BTC for liquidity at launch.

2. Enhanced Security: On the Bitcoin Layer 1, GOAT has implemented an enhanced version of time-lock and one-time signature technology; on Layer 2, the zero-knowledge virtual machine zkVM developed by ZKM is used to ensure that the system meets the native security standards of the Bitcoin base layer.

3. Sustainable Revenue Model: Decentralized sequencers can earn Gas fees in the form of BTC and mining rewards in the form of GOAT tokens by producing blocks, providing security, and maintaining activity. This offers various participants the opportunity to obtain sustainable income.

Universal Layer2 Vision

The vision of GOAT Network is to become a universal L2 for all L1s, planning to integrate ecosystems such as Bitcoin, Ethereum, TON, and Cosmos. Through its internal Entangled Rollup technology, GOAT aims to achieve seamless connections between different networks, addressing the issues of blockchain interoperability and fragmented liquidity, while avoiding the security risks associated with traditional cross-chain bridges.

Team Strength

The GOAT Network team consists of industry veterans. The technical team is led by Professor Stephen Duan, who previously founded Baidu Blockchain. The head of economics, Redouane Elkamhi, is a finance professor at the University of Toronto, specializing in strategic asset allocation and DeFi. The Chief Innovation Officer, Dr. Eric Wang, specializes in pricing financial derivatives and DeFi, having designed GOAT's sustainable BTC yield model.

ecosystem construction

GOAT Network is building a comprehensive ecosystem. Multiple key DeFi applications will be launched simultaneously when the mainnet goes live, including DEX, lending platforms, Perp DEX, BRC-20 trading platforms, and more.

GOAT Club Points Program

As an early participation opportunity in the GOAT Network, the GOAT Club points program offers three types of points:

• Community Points (CP): For community members holding at least 0.001BTC.
• Builder Points (BP): Granted based on TVL or gas consumption via smart contracts.
• Node Points (SP): Rewards based on the number of blocks produced by node operators.

The innovative design and comprehensive ecosystem planning of GOAT Network demonstrate its potential in the BTC Layer2 space. With the upcoming launch of the mainnet, GOAT is expected to become a leading project in BTC Layer2, providing Bitcoin holders with more application scenarios and profit opportunities.