1. What is goat?

Goatcoin is a cryptocurrency whose name derives from its association with goats, symbolising resilience, courage, and the spirit of freedom. It is a digital currency with unique features and value, with a history that traces back to the early days of the cryptocurrency space.

2. Who founded goat?

According to the provided information, the founders of the GOAT network were not explicitly mentioned in the search results. However, based on the second search result, Kevin Liu is a key figure in the Goat Network, having co-founded the Ethereum Layer 2 Metis and possessing deep insights into blockchain narratives and Layer 2 solutions. Nevertheless, this does not directly indicate that he is the founder of GOAT. Therefore, it is not possible to determine the specific founder of GOAT from these search results.

3. Which venture capitals have invested in goat?

Based on the provided search results, there was no direct information about which venture capitals have invested in the cryptocurrency “Goat.” However, it was mentioned that Goat Capital invested $150 million in the Series C funding for Xendit, but there was no mention of Goat Capital investing in the cryptocurrency “Goat.” Other results also failed to provide relevant information.

If you are looking for specific investment information regarding the cryptocurrency “Goat,” it is suggested to further search or check related financial news and investment reports.

4. How does goat operate?

Operational Principles of the GOAT Cryptocurrency

GOAT Network is a Bitcoin-based Layer 2 solution aimed at providing income-generating opportunities for Bitcoin holders. Here are its main operational principles:

1. Optimistic Challenge Protocol (OCP): GOAT Network employs OCP to ensure transaction security. When users deposit assets in Layer 2, they are locked in an n-of-n Bitcoin multi-signature script. During withdrawal, node operators (Operators) advance the assets and initiate a transaction to the GOAT network fund pool that includes both a challenge script and an asset script. If the Operator acts dishonestly, any user can pay a certain amount of BTC assets to invoke the challenge script, and if the challenge is successful, the Operator’s withdrawal request will be invalidated, and their staked assets will be moved to the challenger’s account.

2. Entangled Rollup: GOAT Network employs ZKM's Entangled Rollup technology to achieve cross-chain unified liquidity. This technology allows off-chain transaction processing while verifying their validity on the Bitcoin mainnet. Through Entangled Rollup, GOAT Network can support direct access to underlying blockchain assets without introducing additional trusted entities as intermediaries.

3. Decentralised Sequencer: The Sequencer network of GOAT Network is decentralised, allowing anyone with Bitcoin to lock their assets and become a node, or delegate their Bitcoin to existing Sequencer nodes. This ensures the decentralised nature of the network, preventing any single entity from controlling the entire network.

4. Token Distribution: The total supply of GOAT is 1 billion tokens, with 42% allocated for Sequencer mining and community mining, 6% for airdrop activities, and 1% for KOLs (Key Opinion Leaders/Influencers).

In conclusion, the GOAT Network offers a secure, decentralised Bitcoin Layer 2 solution through OCP and Entangled Rollup technology, allowing Bitcoin holders to earn income by participating in the Layer 2 withdrawal process.