BTC Layer2 Solution GOAT Network Comprehensive Analysis

GOAT Network, as an important innovation in the Bitcoin ecosystem, is committed to becoming a universal Layer2 solution for all blockchains. The project is expected to launch its mainnet in the third quarter of this year and has already secured liquidity support of over 5000 BTC. GOAT Network addresses key challenges faced by Layer2, such as decentralization, security, and sustainable returns, through its unique technical architecture.

GOAT Network Overview

The GOAT Network utilizes Bitcoin Rollup technology to expand Bitcoin's functionality while maintaining a secure connection to the underlying blockchain. Its core technologies include the Optimistic Challenge Protocol GOAT-OCP, BitVM2 security guarantees, and the ZKM interleaved Rollup settlement layer. These innovations effectively enhance transaction inclusiveness and finality.

Solutions to Address Layer2 Challenges

1. Decentralized Sorter: The GOAT Network will adopt a decentralized sequencer from the very launch of its mainnet, with an initial participation of 7 nodes in operation. Confirmed operators include well-known institutions such as Amber Group, Hashkey Cloud, RockX, and Benmo.

2. Enhanced Security: The underlying technology uses an enhanced version of Bitcoin's time-lock and one-time signature techniques to protect assets, while at the Layer 2 level, it applies the zero-knowledge virtual machine developed by ZKM to ensure system security meets Bitcoin's native standards.

3. Sustainable Revenue Model: The decentralized sorter obtains BTC transaction fees and GOAT token rewards by generating blocks and providing network services, offering sustainable income opportunities for various participants.

Cross-Chain Interoperability

The vision of the GOAT Network is to become a universal Layer2 solution that connects major public chains. By deploying Entangled Rollup technology, it enables cross-chain messaging and asset transfers without relying on third-party bridging services, thereby enhancing the liquidity and security of the entire ecosystem.

Team Background

GOAT Network brings together a group of experienced blockchain experts:

• Technical Director Professor Stephen Duan, who previously founded Baidu Blockchain and Eigen Network
• Head of Economics Redouane Elkamhi, Professor of Finance at the University of Toronto, specializes in strategic asset allocation and DeFi.
• Chief Innovation Officer Dr. Eric Wang, an expert in financial derivatives pricing and DeFi, designed the sustainable BTC yield model for GOAT.

Ecosystem Construction

GOAT Network plans to launch a series of DeFi applications upon the mainnet launch, including a decentralized exchange, lending platform, perpetual contract exchange, and a zero-fee trading platform supporting BRC-20 and other Bitcoin native assets.

GOAT Club Points Program

To encourage early participation, the GOAT Network has launched a points program, including:

1. Community Points (CP): Applicable to ordinary users holding a small amount of BTC.
2. Builder Points (BP): Reward developers based on the TVL or gas consumption of the smart contract.
3. Node Points (SP): Rewards for the network contributions of node operators.

These points will have the opportunity to participate in future token airdrop activities.

With the impending launch of the GOAT Network mainnet, there is widespread anticipation in the industry that it will take a leading position in the BTC Layer2 space, bringing more practical scenarios and earning opportunities for Bitcoin holders.