BTC is at a historic moment this week. The world's largest#BTCconference was held in the United States. Presidential candidate Kennedy called for BTC as a strategic reserve asset. Saylor predicted a BTC price of $49 million. Trump will give a speech tonight. With the attention of celebrities from all walks of life, the BTC ecosystem will surely shine! GOATRollup is a rising star in BTC L2. It has an experienced team and leading technical architecture. The project is still in its early stages and deserves special attention!
The#BTCsleeping market is worth US$1.3 trillion. The current#BTCL2 market TVL is only about 2.5 billion, accounting for only 0.19% of the total value of Bitcoin. The huge market potential has also led to the flourishing of Bitcoin L2 projects, but this track There are still some significant pain points:
â Security: It is difficult to achieve both moving transactions to a new layer and inheriting Bitcoin security
⥠Income: Create stable and sustainable income for BTC holders
The emergence of @GOATRollup will change this situation.
GOAT (@GOATRollup) is a BTC-based Rollup that gains basic security from the underlying Bitcoin L1 while improving its scalability. It introduces an optimistic challenge protocol (GOAT-OCP) and leverages BitVM2 for security; and interweaves Rollup as a universal settlement layer through ZKM to enhance transaction inclusion and finality, while protecting assets within a decentralized sequencer network, thereby creating sustainable returns for BTC holders.
On the first layer of Bitcoin, @GOATRollup applies an enhanced version of Bitcoin's time lock and one-time signature technology (also used by Babylon) to protect locked BTC assets. On the second layer, zkVM plus a decentralized sequencer is applied to verify, challenge and ensure the security of on-chain transactions. By integrating zkVM technology, it can achieve seamless connection of cross-chain transactions and solve the problem of lack of interoperability.
What makes @GOATRollup stand out is its decentralized sequencer, where each node stakes Bitcoin to ensure network security, thus avoiding a single point of failure. As more nodes join, this decentralized architecture will become more stable. More importantly, the decentralized sequencer introduces a sustainable income model that can earn BTC gas fees and $GOAT token mining rewards by generating blocks and providing security and 24/7 activity.
The decentralized sequencer opens the door for node operators, builders, BTC majors and even small holders to participate in the operation of the sequencer and obtain sustainable income, and through incentives, ensures the long-term sustainability of the network. This structure also allows GOATBTC to be minted for various DeFi activities such as liquidity mining, lending, etc. by tokenizing the income of the decentralized sequencer, creating a new BTC bond market.
GOAT Network recently announced that it will launch 7 founding sequencer nodes, five of which will be deployed on the first day, including Amber Group, Hashkey Cloud, RockX, Benmo, etc. So far, 5,000 BTC has been committed for first-day liquidity, and the number is still increasing.
Everyone must be familiar with @ambergroup_io. Amber is one of the most prominent blockchain infrastructure providers and an asset management company. It is one of the first sequencer operators of GOAT Network. It is one of the first investors in GOAT, showing that Amber is consistent with GOAT's mission, which is to bring sustainable#BTCreturns to everyone from large to small Bitcoin holders while ensuring asset security.
GOAT Network's long-term vision is to become a universal L2 for any L1, supporting its internal Entangled Rollup technology, which aims to solve interoperability challenges and liquidity fragmentation problems. According to the official roadmap, the GOAT Network testnet will be launched this month, and the mainnet will be launched this quarter. It will also become the first Bitcoin L2 network to share network ownership through a decentralized sequencer, and TGE is expected in the fourth quarter. According to the project party, it also plans to launch a Series A financing soon, with the goal of raising $5 million at a valuation of $100 million!
The GOATRollup team also has extensive experience.
Founder Kevin Liu co-founded Metis L2 and launched the first L2 decentralized sequencer.
Stephen Duan, the technical leader, founded Baidu Blockchain and Eigen Network before joining ProjectZKM and launching the GOAT technical team.
Waggle, Head of Growth and Development, has led operational growth for multiple Web3 projects including bridges and L2.
Annie Zhao previously led growth at zkPass after a successful career in the traditional financial industry.
Dane Great, head of the strategic team, has led strategic teams for multiple Web3 projects (including L2 and infrastructure).
Chief Innovation Officer Dr. Eric Wang, who has worked for large Canadian banks, AXA, etc. He is co-designing GOAT's breakthrough sustainable BTC income model, which is suitable for GOAT sequence node operators, BTC miners, large and small holders. He received a Ph.D. in Computer Science from the University of Waterloo
Redouane Elkamhi, Head of Economics, is the builder of GOAT Networkâs sustainable BTC yield model. He is a professor of finance at the University of Torontoâs Rotman School of Management and has served as a consultant to traditional finance and Web3 companies, including KPMG and EY.
The most significant#BTCevent this week is the annual Bitcoin conference currently being held in Nashville, USA, which is also the largest Bitcoin conference in the world. A number of celebrities have taken the stage, and the lineup of speakers is very luxurious. Trump will participate in the conference and give a speech.#GOATis one of the largest exhibitors at this conference! A booth will be set up at 2 BLOCK. Everyone is welcome to visit and participate in the discussion!
Summary: @GOATRollup was born at a critical moment in the development of Bitcoin and is closely related to @MetisL2. It aims to solve the two major challenges associated with Bitcoin expansion through designs such as zkVM and decentralized sorters: security and sustainable returns. The founding sequencer node has attracted outstanding investors like Amber, and the team has rich experience in traditional finance and Web3. Let us look forward to this new star of BTC L2 standing out in the future!