I just read an article on cryptonews about decentralization, and it's truly thought-provoking. The centralization risks mentioned in the article are nothing new in the cryptocurrency world, but seeing these historical cases still sends chills down my spine...
FTX's 8 billion, Terra's 45 billion, Mt. Gox's 850,000 BTC... These numbers are all vivid lessons.
The irony is that before every incident, everyone thinks, "This time is different," only to have history repeat itself time and time again.
As the article says, centralized institutions are like the Titanic of finance—even the largest ship has the risk of sinking.
Here, we have to mention GOAT @GOATRollup, Bitcoin's first decentralized sorter network.
The problems of centralized sorters are well-known: single points of failure, MEV abuse, and scalability bottlenecks.
🐐GOAT's innovations lie in:
1️⃣ Distributed nodes + BFT consensus: Starting with 7 sorter nodes and expanding to dozens in the future, this avoids the risk of a single entity dominating. 2️⃣ Rotating sorting mechanism: Prevents a single node from permanently manipulating transaction order, reducing MEV abuse.
3️⃣ BTC staking economy: Operators are required to stake BTC to participate, and users can also earn APY returns.
4️⃣ zkMIPS + BitVM2 technology stack: Enables real-time proofs and cross-chain interoperability.
I used to think the Bitcoin ecosystem was slow to innovate, but now it seems the time has simply not arrived. GOAT's combination of native ZK Rollup and a decentralized sorter truly resolves the conflict between scalability and decentralization.
I'm personally optimistic about this direction. After all, Bitcoin's foundation is there, and if L2 can activate existing capital, there's a lot of potential.
🔗Article link: https://t.co/7DYNwrFHul
#GOATNetwork