exSat Introduces Novel Docking Layer for Bitcoin-Based L2 Solutions

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ExSat simplifies the process of checking Bitcoin and related ecosystem token balances by allowing for straightforward inquiries. This results in a smooth transfer of assets and data between various networks and Bitcoin Layer 2 scaling solutions.

exSat bridges the gap between “native” Bitcoin and L2s

According to the announcement from exSat’s team, they have introduced a Data Consensus Extension Protocol. This protocol utilizes a hybrid consensus mechanism that combines elements of Proof of Work (PoW), Proof of Stake (PoS), and Delegated Proof of Stake (DPoS).

𝗲𝘅𝗦𝗮𝘁: The Docking Layer for Bridging the Gap Between Bitcoin and Layer 2 Scaling SolutionsLearn more about how #exSat is extending #Bitcoin’s data consensus to enhance interoperability, scalability, and security within the $BTC ecosystem.👇👇 — exSat Network (@exSatNetwork) April 9, 2024

The strong collaboration between Bitcoin and the exSat Network will facilitate a smooth and secure upgrade of Bitcoin’s capabilities. This partnership ensures effective communication of block data between Bitcoin miners and the exSat Network, expanding Bitcoin’s data agreement to include the exSat platform.

Through this groundbreaking system, Bitcoin ordinals and other ecosystem assets are ensured accurate and decentralized indexing of state data. It employs EOS RAM for swift access and minimal latency in storage.

With EVM compatibility in exSat, developers can build intricate smart contracts at reduced gas costs. This feature noticeably boosts the scalability and functionality of the Bitcoin network.

100% EVM compatibility for Bitcoin-based apps

ExSat provides a method for expanding the capabilities of the Bitcoin (BTC) network through the addition of a smart contract system and contemporary tools.

Above all, it became fully compatible with Ethereum Virtual Machine (EVM) for Solidity programmers, offering improved performance and reduced gas costs.

Additionally, it allows the use of different cryptocurrencies as gas tokens, including Bitcoin (BTC), Ordinals, Ethereum (ETH), and stablecoins. Gas fees are applicable to these tokens as well.

Last but not the least, its data availability extension enables ZK Rollups based on EVM platform.

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2024-04-10 11:48