Goshen Network: The Innovative Solution to Ethereum’s Scaling Woes
The Incubation of the Ontology Foundation Helps us Move to the Next Level of Development
We are thrilled to announce that the Ontology Foundation is supporting Goshen Network by bringing its advanced blockchain and DID technology, as well as a wider Ontology community, to BUIDL together. This support will help us move to the next level of development.
Goshen Network’s Alpha TestNet launched on Ethereum Goerli has generated a lot of buzz in the blockchain community. We’re excited to offer a trustless Layer 2 (L2) platform for executing transactions, which are then processed on the Layer 1 (L1) chain for final settlement. Our optimistic rollup protocol employs a RISC-V machine to enable on-chain computing. With its low gas fees and high level of security, Goshen Network’s approach provides an efficient scaling solution that can help alleviate congestion and reduce gas fees on the Ethereum network, making it a promising option for Web3 developers and users. Transactions on Goshen Network are completed in seconds, unlike the long waiting times on the L1 network due to limited computation resources.
Goshen Network offers several competitive advantages, including:
Low Gas Fees: All transaction computation on Goshen is offloaded from L1, resulting in gas fees that are orders of magnitude cheaper than Ethereum.
Fast Transactions: Transactions running on Goshen are mined in seconds, thanks to the offloaded computation.
High Level of Security: All L2 state transitions are reproducible and verifiable on L1, and malicious behavior can be challenged by any honest validator.
Developer-Friendly: Goshen Network is fully Ethereum-equivalent, and all Ethereum toolchains work out of the box. Developers can migrate dApps directly from L1 to Goshen, often without having to change any code.
Robust Fraud-Proof System: Goshen’s fraud-proof system utilizes a collaborative interactive challenge to deal with various types of attacks while still keeping the protocol simple.
Efficient State Transition: We have implemented an efficient L2 state transition function, which reduces off-chain computation and speeds up interactive challenges on-chain.
Modular Protocol Design: Our protocol adopts a simple layered design that makes it easy to understand. We greatly reuse the community toolchains of RISC-V, Rust, and Ethereum, which effectively reduces the risk of introducing vulnerabilities into the implementation.
Try the Goshen TestNet
The Goshen project has been independently developed and launched its Goshen TestNet on Goerli. We encourage more developers to try the Goshen TestNet and extend the scope of testing.
By deploying and testing their dApps and smart contracts on the Goshen TestNet, developers can experience the benefits of the Goshen network’s layer 2 protocol firsthand. They can also gain valuable insights into how the network functions in a real-world setting and identify any potential issues or areas for improvement. Additionally, by participating in the Goshen TestNet, developers can play a vital role in helping to improve the network by providing feedback to the Goshen development team.
If you’re interested in testing out Goshen Network, you can bridge your assets from Goerli TestNet to Goshen TestNet. This allows you to try out Goshen’s fast and low-cost transactions with your own assets, without having to purchase or transfer any additional tokens. Simply connect your MetaMask, select the assets you want to bridge, and follow the instructions to complete the transaction. Give it a try and experience the benefits of Goshen Network firsthand!
Stay Tuned
With the Ontology Foundation’s incubation support, we can continue to develop and test Goshen Network. The support has helped to ensure that Goshen Network is fully Ethereum-equivalent and easy to implement, making it a promising solution for developers and users alike.
We look forward to a joint campaign with Ontology to further expand the Goshen Network community. So if you’re a developer looking for a cutting-edge Layer 2 scaling solution with low gas fees, fast transactions, high security, and an efficient state transition function, Goshen Network might just be what you’re looking for. Stay tuned for more updates as we continue to develop and improve Goshen Network.
About Ontology
Ontology is a project designed to bring trust, privacy, and security to Web3 through decentralized identity and data solutions. It is building the infrastructure to provide trusted access to Web3, allowing individuals and enterprises to rest assured through regulatory compliant digital identity solutions.
The Ontology blockchain is a high-speed, low-cost public blockchain. It is designed to bring decentralized identity and data solutions to Web3, with the goal of increasing privacy, transparency, and trust. To achieve this, users and enterprises are provided with the flexibility to build blockchain-based solutions that suit their needs, while also ensuring regulatory compliance. Through Ontology’s Ethereum Virtual Machine (EVM), Ontology ensures frictionless compatibility with Ethereum, the first step in creating the Ontology Multi-Virtual Machine and further interoperability for the chain.
Ontology website / Twitter / Reddit / Facebook / LinkedIn / YouTube / Telegram Announcement / Telegram English / GitHub / Discord
About Goshen
Goshen network a fully Ethereum-equivalent optimistic rollup protocol that utilizes a RISC-V machine to support on-chain computing and provides a trustless Layer 2 environment to perform transactions.
It aims to decrease transaction latency and increase throughput while reducing gas fees and maintaining decentralization and security from Ethereum.
We are just getting started and really excited to tell more about the project. Keep up with our latest news on Twitter or join our Discord community now.
