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GOAT Network Introduces BitVM2 Playground for Studying GOAT Bridge

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by Giorgi Kostiuk

a year ago

GOAT Network has launched BitVM2 Playground to experiment with the GOAT Bridge mechanism, a significant step towards inheriting Bitcoin Native Security for Layer 2 solutions.

Advantages of BitVM2

GOAT Network's BitVM2 Playground implements advanced decentralization and security features. These include: true decentralization, ensuring that all cross-chain messages reach consensus from both Bitcoin and Layer 2 GOAT Network; full verification by Bitcoin without any fork; dual slashing security, greatly reducing the likelihood of dishonest actions.

Developers' Commentary

GOAT Network integrates BitVM2 to address concerns of Bitcoin maximalists about risks posed by multi-signature mechanisms through a fully open-source and verifiable framework.

With the upcoming GOAT Bridge powered by BitVM2, we're addressing these concerns by delivering a fully open-source and verifiable framework.Kevin Liu, co-founder of GOAT Network

Role in Bitcoin Scaling

GOAT Network continues to develop infrastructure for secure and scalable Layer 2 solutions on Bitcoin. The new BitVM2 Playground, being open-source and based on the latest standards, actively contributes to achieving these goals. The GOAT Bridge, leveraging BitVM2, eliminates reliance on trust-based systems, facilitating the modern era of Layer 2 solutions for Bitcoin.

The launch of BitVM2 Playground marks a significant milestone for GOAT Network in their quest to provide secure and scalable Layer 2 solutions on Bitcoin, matching the achievements of other blockchains like Ethereum.

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