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In this article, we will be exploring the GOAT Network, the first-ever Bitcoin Layer 2 that shares network ownership and strives to create the ultimate universal ecosystem of leading blockchains.�
What is the GOAT Network?
GOAT is a Bitcoin Layer 2 network that utilizes unique and innovative technologies to enhance the capabilities of the Bitcoin Layer 1 blockchain and scale it to its peak performance, providing the network and $BTC currency with never-seen-before utilities.
The GOAT network was founded by Web3 GOATs such as the co-founder of Metis, Kevin Liub and the founder of Baidu Blockchain and Eigen Network, Stephen Duan. Needless to mention the other Web3 veterans on board the GOAT team.
How Does the GOAT Network work?
Bitcoin is in dire need of a Layer 2 scaling solution, one with supreme interoperability and an ecosystem of DeFi protocols that will onboard the masses to a $BTC-focused network and that is GOAT, the first and only Bitcoin Layer 2 to share ownership and reward its community.
Dedicated to a community-centric network, the GOAT Network shares the revenue generated from the network with its users by allocating 40% of the total $GOAT token supply to $BTC miners, individuals and groups operating GOAT network sequencer nodes.
At the time of writing, 4 out of 7 initial nodes have been deployed with a whopping 5,000 $BTC accrued to ensure boundless liquidity and sustainable returns. Each sequencer node is secured by staking the leading cryptocurrency, $BTC and in return users will be rewarded for their stake in securing the network.
Another standout feature that makes this the GOAT Bitcoin Layer 2 network is the ability to interconnect with leading blockchains whether EVM-compatible or IBC-enabled, they can all share the same userbase and liquidity. The GOAT Network has the key to Web3’s missing interoperability.
This magic is all made possible as GOAT is a Bitcoin Layer 2 built on top of the Entangled Rollup Network, which is powered by Project ZKM, a universal liquidity and settlement protocol interconnecting every blockchain in Web3 for seamless cross-chain transactions.
Why the GOAT Network?
In comparison to competing Bitcoin Layer 2s, the GOAT Network goes unmatched. It ticks every box one would look for. It’s EVM-Compatible, IBC-enabled, capable of integrating and developing smart contracts, processes millions of transactions per second and needless to say, it adopts the security of one of the most bulletproof networks, Bitcoin.
GOAT Network Roadmap
Very soon, this month in July we will see the launch of the GOAT testnet and later on in Q3 we will shift straight into the mainnet. Not long after, in Q4 the token generation event will take place for the $GOAT token and therefore this is a direct indicator of how early you are right now…
It’s time for a new era, the GOATs of Web3 are here to take over.
Thanks to the GOAT Network, Bitcoin ($BTC) can be more than just digital gold, it can be the yield-bearing asset generating a beautiful stream of passive income as we watch it skyrocket in the coming bull run, providing us with more than just our initial investment and profit from HODLing.
Official GOAT Network Links
Created by GOATs.
Created for GOATs.
This is the GOAT network.
Disclaimer
The content provided in this article is strictly intended for informational purposes. Nothing said in this 1article is financial advice. It is important to proceed with caution and diligence when using cryptocurrencies. Always invest what you are prepared to lose and remember that you are entirely responsible for your assets and investments. The author and the publication do not endorse or recommend any of the cryptocurrencies, protocols or strategies in this article.
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