Interoperability protocol ZKM has unveiled plans to launch a Bitcoin Layer 2 solution called GOAT Network later in Q3.

The project claims the solution will become the first decentralized Bitcoin Layer 2 to share network ownership, according to a statement shared with The Block.

“GOAT Network’s launch of a Bitcoin L2 is a powerful first step in ZKM’s quest to unite the fragmented Web3 universe,” GOAT Network Core Contributor, ZKM co-founder and Metis co-founder Kevin Liu said. “We believe strongly in decentralization, and we’re excited to enable a shared-ownership model from day one.”

GOAT Network’s decentralized sequencer model

Unlike some so-called Bitcoin Layer 2s, whose network and revenue are controlled by project teams or foundations, GOAT Network said it will launch with a …