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The innovations within the Bitcoin ecosystem are continuously emerging, with the latest development coming from GOAT Network. The network announced that its BitVM2 Testnet Beta version has officially launched, successfully implementing a milestone real-time proof system. The launch of this system makes GOAT Network the first Bitcoin zkRollup project capable of supporting instant withdrawal initiation and comprehensive visual proofs.
This groundbreaking system utilizes an advanced technological architecture, including a pipeline parallel design and a distributed GPU verification network. Combined with ZKM's zkVM 'Ziren' technology, the system is capable of processing block proofs (2.6 seconds), aggregate proofs (2.7 seconds), and Groth16 proofs (approximately 10.4 seconds) simultaneously. This efficient parallel processing capability allows the system to complete real-time proof of blocks in just 3.4 seconds, providing users with an almost instantaneous withdrawal experience.
The innovation of GOAT Network goes beyond just the technical level. They have also launched a public user interface that makes all peg-out operations transparent, visual, and verifiable on-chain. This open and transparent approach significantly enhances users' trust in the system.
It is worth noting that GOAT Network has chosen a fully open-source path, discarding reliance on trust assumptions. They have successfully built a complete ecosystem that covers the entire process from Bitcoin deposits, on-chain interactions to final withdrawals. This end-to-end solution paves the way for the application of Bitcoin in the decentralized finance (DeFi) space.
The achievement of GOAT Network may redefine the technical standards of Bitcoin zkRollup. More importantly, it provides a solid technical foundation for the practical application of BTCFi (Bitcoin Finance). As such innovations continue to emerge, we can expect to see more Bitcoin-based financial applications thrive in the future, further expanding the boundaries and possibilities of the Bitcoin ecosystem.