GOAT Network: An Innovative Solution for BTC Layer2

With the continuous development of the Bitcoin ecosystem, the ecological construction around BTC has become an important trend in the Web3 field. In this context, Layer 2 solutions built on BTC have become an indispensable key link. Data shows that in the second quarter of 2024, BTC L2-related projects raised nearly $100 million, a 174% increase compared to the previous quarter, reflecting the industry's strong expectations for BTC Layer 2.

Currently, the BTC Layer2 track is still in a highly competitive stage, with no dominant project that excels in both technology and ecology. Among the many solutions, GOAT Network stands out with its innovation and potential, becoming the first BTC Layer2 project to adopt a decentralized sequencer and share network ownership. Its ultimate goal is to become a universal L2 solution applicable to all L1s.

GOAT Network Overview

GOAT Network expands the functionality of Bitcoin by implementing Bitcoin Rollup, with its security derived from the underlying Bitcoin blockchain. The network introduces the optimistic challenge protocol GOAT-OCP, integrating BitVM2 and ZKM intertwined Rollup technology to enhance transaction inclusiveness and finality. At the same time, a decentralized sequencer is employed to ensure 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. The official will launch the GOAT Club points program to provide lasting value and a fair, sustainable reward mechanism for Bitcoin holders of different scales.

Addressing the Three Major Challenges Faced by L2

The GOAT Network offers innovative solutions to the three major challenges commonly faced by L2: decentralization, security, and sustainable yields.

1. Decentralized Sorter: GOAT has adopted a decentralized sorter since the launch of the mainnet, initially featuring 7 sorter nodes, each required to stake BTC to secure the network. Currently, 5 founding sorter nodes have been confirmed, including several well-known institutions, which have pledged to provide over 5,000 BTC in liquidity.

2. Security: On the first layer of Bitcoin, GOAT applies enhanced time-lock and one-time signature technologies; on Layer 2, it adopts the zero-knowledge virtual machine zkVM developed by ZKM, ensuring that the system meets the native security standards of the Bitcoin base layer.

3. Sustainable Revenue Model: The decentralized sequencer earns Gas fees in the form of BTC and mining rewards in the form of GOAT tokens by producing blocks, providing security, and being active around the clock. This mechanism offers various participants the opportunity to achieve sustainable income.

Become the universal Layer2 for all L1

The vision of GOAT Network is to become a universal L2 solution applicable to all L1s. In addition to the Bitcoin ecosystem, there are plans to integrate networks such as Ethereum, TON, and Cosmos in the future. Through its internal Entangled Rollup technology, GOAT Network aims to achieve seamless connectivity between different blockchains, addressing the issues of interoperability and liquidity fragmentation while avoiding the security risks of traditional third-party bridges.

Team Strength

The core team of GOAT Network consists of industry veterans.

• The technical team leader Professor Stephen Duan previously founded Baidu Blockchain and Eigen Network.
• The head of economics, Redouane Elkamhi, is a finance professor at the Rotman School of Management at the University of Toronto, specializing in strategic asset allocation and DeFi.
• Chief Innovation Officer Dr. Eric Wang holds a Ph.D. in Computer Science from the University of Waterloo and has designed the sustainable BTC yield model for GOAT.

The team members are all long-term participants and innovators in the Web3 field, providing strong assurance for the project's credibility and future development.

Ecosystem Construction

GOAT Network is building a comprehensive ecosystem. Multiple key DeFi applications, including DEX, lending platforms, perpetual contract exchanges, and a zero-fee trading platform for BRC-20 assets, will be launched simultaneously when the mainnet goes live.

GOAT Club Points Program

As an early opportunity to participate in the GOAT Network, the GOAT Club Points Program offers three types of points:

• Community Points (CP): For community members holding at least 0.001 BTC
• Builder Points (BP): Rewards developers based on the TVL or gas consumption of the smart contract.
• Node Points (SP): Rewards for the block production contributions of node operators.

Token holders will be eligible for future token airdrops.

With the upcoming launch of the GOAT Network mainnet, the industry expects it to become a leading project in BTC Layer2, bringing more practical value and earning opportunities for Bitcoin holders.