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.
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.
