EOS Network has unveiled a groundbreaking solution poised to elevate Bitcoin’s scalability while seamlessly integrating with layer-2 networks. The brainchild of the EOS virtual machine, exSat promises to bridge the gap between Bitcoin’s mainnet and an array of layer-2 scaling solutions within its ecosystem.
In an announcement posted on Apr. 10, the exSat Network team highlighted their solution’s potential to bolster Bitcoin’s data consensus, thereby enriching interoperability, scalability, and security across the Bitcoin ecosystem.
Fueled by a hybrid consensus mechanism that amalgamates proof-of-work, proof-of-stake, and delegated proof-of-stake, exSat aims to extend Bitcoin’s capabilities by synchronizing block data between Bitcoin miners and the exSat Network.
Moreover, exSat implements decentralized state data indexing for native assets, facilitating streamlined querying and enhanced interoperability not only for native BTCs but also for extensions such as Runes, BRC-20, and BRC-721. The team underscores opportunities for Solidity developers to craft diverse applications on the novel network, with provisions for universal gas fees encompassing BTC, Ordinals, Ethereum (ETH), and stablecoins.
Participation in the network as validators necessitates staking over 100 BTC (equivalent to approximately $7 million) to qualify as a validator node. Additionally, nodes are required to stake XSAT tokens to acquire revenue rights.
