GOAT Network is establishing itself as a key player in the Bitcoin Layer 2 (L2) sector by introducing engineering standards and industry benchmarks. The network has launched a testnet for BitVM2, which enhances challenge efficiency and reduces costs by over 1,000 times. Additionally, GOAT has released the 'Economic Brown Paper 2.0,' detailing a BTC-based incentive structure and a dual-token model, pBTC and yBTC, to foster a self-sustaining financial ecosystem.
The network has also proposed a 'Bitcoin Native L2 Benchmark Proposal' to define true Bitcoin L2s and ensure trust-minimized, on-chain verification. Furthermore, GOAT is expanding its ecosystem with BTCFi products and is building a decentralized community through initiatives like the One Piece and Vanguard Ambassador programs.
GOAT Network Sets Engineering Standards for Bitcoin Layer 2 with BitVM2
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