What is the significance of GOAT in including DOGE in the list of decentralized Sequencer pledged assets?
2024-11-29 10:56

DOGE and BTC have the same Token standards and technical framework. The security of GOAT network needs to rely on native $ BTC pledge, which can also be included in $ DOGE as double security guarantee.

Seeing @GOATRollup include $ DOGE, the oldest community consensus MEME Coin, into its list of decentralized Sequencer pledged assets, which is not a BIG NEWS, but it has a lot of extraordinary significance behind it:

1. DOGE, the first generation of MEME coins, known for its "joke coins" and its irony and ridicule, has been fully enabled by other core technology projects in the Crypto field.

DOGE holders can pledge the tokens to the decentralized Sequencer system of the GOAT network to obtain the native BTC revenue. On the "Thanksgiving Day" day, GOAT Network embraced $ DOGE and sounded the assembly order of this round of MEME Cycle. Since then, the hardcore technology project and MEME COIN are no longer completely isolated, and the technical consensus and social consensus are trying to integrate.

2. In the near future, GOAT Network is the first BTCFi application backed by @ProjectZKM, with multiple core technology features such as Native security chain bridge, the first decentralized Sequencer system and BitVM2-based OCP optimistic challenge proof, which can be regarded as the representative of hardcore technology projects in the field of BTC ecology.

3. There are two possible reasons why $ DOGE can be included as the pledge token:

DOGE and BTC have the same Token standards and technical framework. The security of GOAT network needs to rely on native $ BTC pledge, which can also be included in $ DOGE as double security guarantee; (inclusion criteria: more than 10B FDV and more than 300,000 + currency holders).

Although GOAT network can provide sustainable Yield revenue for BTC assets, it is willing to actively embrace MEME and embrace the huge community behind DOGE Coin. GOAT takes the first step and opens a new application paradigm for MEME coin. There are also many projects to embrace MEME, but it is rare to integrate them that are not abrupt and complement each other.

4. In the design of security economic model of GOAT network, POS pledge system provides network security guarantee, and users / nodes can pledge BTC or other consensus assets to join the equity node queue of decentralized Sequencer, and then enjoy the native benefits provided by GOAT network and the potential big benefits of BTCFi big ecology on subsequent GOAT. As the representative of the BTC layer2 network of the universal ZK-Layer2, GOAT is commendable for its cultural inclusiveness of the technology and the MEME community.