Goshen's development team has proposed integrating an Ethereum Virtual Machine (EVM) execution layer into the Bitcoin network. This would allow users to interact with EVM smart contracts within the Bitcoin network, resulting in lower dApp transaction fees compared to Ethereum and a more streamlined process of data upload.
Goshen's protocol ensures efficient control over assets deployed in the EVM and offers seamless compatibility with the Ethereum ecosystem.
This solution brings the advantages of Ethereum's EVM to the Bitcoin community, positioning Bitcoin as a strong contender in the realm of smart contracts and decentralized applications. Goshen's protocol enables backward compatibility, making it a viable choice for immediate implementation or a deliberate decision to be made in the future.
The protocol incorporates a new EVM execution layer for Bitcoin, which includes EVM addresses, data formats, P2WSH, and execution, each playing a crucial role in the EVM execution layer's overall functionality.
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