EOS Network unveils exSat to solve Bitcoin scalability issues

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EOS has introduced a brand new resolution aiming to enhance Bitcoin’s scalability and compatibility with layer-2 networks.

EOS Network, a blockchain platform powered by the EOS digital machine, has introduced the event of exSat, a docking layer, aimed toward bridging the hole between Bitcoin‘s mainnet and a various array of layer-2 scaling options inside the Bitcoin ecosystem.

In a blog announcement on Apr. 10, the exSat Community workforce stated their resolution might doubtlessly broaden Bitcoin’s knowledge consensus to reinforce “interoperability, scalability, and safety inside the Bitcoin ecosystem.”

“By facilitating direct queries of BTC and ecosystem token balances, exSat permits a seamless circulate of belongings and data throughout totally different networks and Bitcoin layer-2 scaling options.”

The exSat Community workforce

Powered by a hybrid consensus mechanism that merges proof-of-work, proof-of-stake, and delegated proof-of-stake, exSat needs to broaden Bitcoin’s functionalities by synchronizing block knowledge between Bitcoin miners and the exSat Community.

Moreover, exSat implements decentralized state knowledge indexing for native belongings, enabling streamlined querying and improved interoperability throughout not solely native BTCs, but in addition extensions like Runes, BRC-20, and BRC-721. The workforce additionally emphasizes alternatives for Solidity builders to construct numerous purposes on the brand new community, with help for common gasoline charges for BTC, Ordinals, Ethereum (ETH), and stablecoins.

To take part within the community as validators, customers would want to stake over 100 BTC (equal to round $7 million) to qualify as a validator node. Moreover, nodes should stake XSAT tokens to earn income rights.

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