Goshen Bitcoin EVM Layer Facilitates RWA Partnerships

Singapore, January 232024 / AlexaBlockchain/ – Goshen, a Layer2 optimistic rollup, proudly announces groundbreaking developments in the Bitcoin EVM (Ethereum Virtual Machine) layer. This innovation will onboard projects in the real world assets (RWA) sector and connect them to the Bitcoin network, ushering in a new era of accelerated, cost-effective transactions and enabling access to Bitcoin’s untapped markets.

Goshen’s Bitcoin Integration Revolutionizes the RWA Landscape

Goshen’s Bitcoin EVM layer was developed based on the Bitcoin network’s Segregated Witness (SegWit) protocol upgrade, which allows for the separation of transaction signatures (witness data) from transaction data. This increases the capacity of the Bitcoin network, facilitating EVM data and reducing transaction fees. It leverages Bitcoin’s underlying consensus mechanism, the most tested blockchain, to provide unparalleled security and robustness. This is set to open up a variety of opportunities for asset tokenization and trading, as well as executing high-value transactions on the Bitcoin blockchain.

Taking real-world asset tokenization and trading to a new level

One of the key use cases for Goshen’s Bitcoin EVM layer is its potential to enhance RWA tokenization and trading. The feature is set to transform the landscape of physical assets, making them more accessible and fluid than ever before. It also paves the way for new investment strategies and asset management techniques, democratizing access to previously exclusive asset classes and opening them up to a wider range of investors.

Cultivating cross-chain decentralized applications and expanding horizons

Goshen’s innovation extends beyond RWAs, facilitating the creation of cross-chain decentralized applications (dApps). This expansion strengthens the ecosystem by encompassing a variety of applications, from institutional cryptocurrency asset investments to streamlined BRC-20 token trading, and enhancing risk management for high-risk transactions.

Charting a course towards a decentralized future

Goshen’s broader vision is deeply rooted in blockchain innovation. The project’s near-term roadmap includes launching a user-friendly front-end interface on the Bitcoin network, establishing strategic partnerships with key infrastructure and RWA institutions, and strengthening efforts to foster a vibrant community around this innovative technology.

Visiting Goshen
Goshen Network is a leading provider of Ethereum Layer 2 scaling solutions that leverage RISC-V systems to support on-chain computing. The network aims to reduce transaction latency, increase throughput, reduce gas fees, and keep Ethereum decentralized and secure. The innovative Bitocin EVM layer is leading the way to build dApps on the network. For more information, visit Goshen.

Media Contact:
David Costello
CMO
dc@multilayers.io
https://goshen.network/

Source: Goshen Network

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