Goshen Confirms Proof of Concept for Bitcoin EVM Layer and Eyes First dApp Deployments on Bitcoin

Singapore November 22nd - Goshen is pleased to announce the introduction of a groundbreaking Bitcoin EVM layer poised to revolutionize the way Bitcoin smart contracts operate. By leveraging the Segregated Witness (SegWit) protocol, Goshen has developed a method to utilize P2WSH addresses that support both traditional Bitcoin transactions and EVM transaction data. This allows for the seamless deployment and invocation of EVM contracts while maintaining the high-security standards inherent to the Bitcoinnetwork.

With a Proof of Concept (POC) completed and testing phases surpassed, the Goshen Bitcoin EVM layer is ready for main network deployment, offering users the ability to execute transactions with the familiar security of their Bitcoin wallets, but with added benefits.

Enhanced Bitcoin Protocols and dApp Integration

Goshen's EVM layer will not only cater to Bitcoin holders with a need for large, low-frequency transactions but also promise a more cost-effective and faster alternative to existing BRC 20 applications. The layer is built to integrate with existing Bitcoin protocols, and with the support of cross-chain bridge protocols, it will provide a robust platform for dApps.

Market Expansion and Strategic Positioning

The primary market for Goshen's EVM layer includes Bitcoin investors interested in Real World Assets (RWA) and those seeking to engage in the digital asset space with efficiency and security. Goshen's strategy focuses on institutional and traditional finance sectors as entry points while fostering long-term partnerships with RWA projects and institutional clients.

Competitive Advantage and Revenue Generation

Goshen differentiates itself through its unique approach to Bitcoin's native design, providing a concise and technically sound solution. While the revenue model is expected to involve token issuance, Goshen emphasizes the value it brings to users through enhanced transaction speeds, reduced costs, and the creation of a robust ecosystem.

Compliance and Scalability

In navigating the complex regulatory landscape of cryptocurrencies, Goshen prioritizes compliance with international laws and regulations, ensuring that legal and regulatory compliance is at the forefront of its deployment strategy.

Community Engagement and Cross-Chain Collaboration

With a vibrant community exceeding 10,000 members and regular engagement initiatives, Goshen is committed to education and transparency. The network seeks to solidify its role as a key player in future blockchain innovations and cross-chain developments.

Assessing Impact and Managing Risks

Goshen acknowledges the risks associated with the increased transaction load on the Bitcoin blockchain and is strategically focusing on RWA customers to mitigate potential traffic challenges while maintaining safety and efficiency. The objective is to build a high-value, low-transaction ecosystem adapted specifically for the Bitcoin network.

A Vision for the Future

Goshen's Bitcoin EVM layer is set to make a significant impact on the blockchain ecosystem, inviting traditional finance users to explore the potentials of the crypto world and establishing new benchmarks for security and efficiency in blockchain transactions.

For more information, please contact:

Dave Costello

[email protected]

About Goshen

Goshen is a pioneering blockchain technology firm dedicated to improving transaction efficiency and security. With a focus on innovation and community engagement, Goshen is committed to leading the way in blockchain solutions and cross-chain interoperability across Ethereum and Bitcoin.