Ontology Incubates Goshen Network

Published on: 23.03.2023
Ontology Incubates Goshen Network

Ontology incubates Goshen Network a distinguished Layer 2 (L2) project. The collaboration between two parties promotes the interactivity between Ontology and the Ethereum ecosystem. It will also provide a better solution for developers and users in the entire Web3 world.

The future trend of Web3 is to provide fast, efficient, and cost-effective solutions through smooth interaction between multiple public chains. Ontology EVM has broken down the barrier between Ethereum and the Ontology chain. Goshen aims to present an improved alternative to the expensive and slow transactions of Ethereum while maintaining high levels of security.

Goshen’s optimistic rollup has an exquisite design that is simpler and more compatible than other existing L2 projects. The project has modular development components and balances performance and security to deliver a better solution for users.

Its unique RISC-V fraud-proof system is used to support on-chain computing and collaborative interaction challenges, ensuring the security of both architecture and implementation and bringing high overall security.

Full compatibility with Ethereum

Goshen’s full compatibility with Ethereum is not the only reason for its convenience in deploying and reusing toolchains within the Ethereum ecosystem. Its partnership with Ontology, which shares the same values on decentralized identity and reputation, also contributes to a smoother user experience.

Moreover, Goshen’s smart contracts will be fully open source for developers in April, demonstrating both Goshen and Ontology’s commitment to transparency and collaboration within the developer community. Ontology’s own open-source code also reinforces this partnership and shared vision.

With five years plus technology precipitation and in-depth research on L2, Ontology recognized Goshen’s L2 framework design and its technical compatibility. At the same time, Ontology’s EVM, along with its full set of OWN infrastructure solutions, ONT ID framework, and product suites, which are compatible and interoperable with Ethereum, will bring additional value to Goshen. Additionally, Ontology has a mature global community and users in DeFi, NFT, wallets, and other areas. It will help Goshen to extend its testing to a larger scale.

In the future, ONT will be introduced into Goshen’s governance. Running for a role in the decentralized packaging network and getting a share of the L2 network fees. The collaboration between Ontology and Goshen is expected to offer improved outcomes for users and developers in the Web3 world. It will create a better future for blockchain technology.

To celebrate the collaboration, Ontology is going to launch various campaigns together with Goshen, covering developers, users, and community members with their own special NFT incentives. Detailed rules for these campaigns will be announced soon separately.

The collaboration between Ontology and Goshen is expected to bring great improvements to the Web3 world. It will also provide better solutions for users and developers.

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. It also allows individuals and enterprises to rest assured through regulatory-compliant digital identity solutions.

Website | Twitter 

ABOUT Goshen Network

Goshen networks a fully Ethereum-equivalent optimistic roll-up protocol that utilizes a RISC-V machine to support on-chain computing and provides a trustless Layer 2 environment to perform transactions.

Website | Twitter


Ontology Network

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