GOAT Network, a Bitcoin layer-2 scaling project, has revealed plans to enable users to stake Dogecoin to enhance the security of its upcoming network and receive crypto rewards. Users will earn rewards in Bitcoin, used for transaction fees on GOAT Network, and the project's native token. The initiative aims to tackle Bitcoin's scalability and yield issues, although concerns about technical feasibility and sustainable returns persist. By incorporating Dogecoin, valued at $59 billion and championed by Elon Musk, GOAT Network seeks to attract delegators for its decentralized sequencer model. The project, backed by 5,000 Bitcoin commitments, will launch with a decentralized exchange and other DeFi applications. Despite uncertainties, GOAT Network is optimistic about leveraging Dogecoin holders to fortify its network and offer future rewards. Read more AI-generated news on: https://app.chaingpt.org/news

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