EOS Network unveils exSat to solve Bitcoin scalability issues

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

EOS Community, 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 principal grid and a various vary of layer 2 scaling options inside Bitcoin ecosystem.

In a single blog announcement on April 10, the exSat Community staff stated their answer might doubtlessly increase Bitcoin’s information consensus to enhance “interoperability, scalability, and safety inside the Bitcoin ecosystem.”

“By enabling direct searches for BTC and ecosystem token balances, exSat allows a seamless move of belongings and data throughout networks and Bitcoin Layer-2 scaling options.”

The exSat Community staff

Powered by a hybrid consensus mechanism that mixes proof-of-work, proof-of-stake, and delegated proof-of-stake, exSat goals to increase Bitcoin’s functionalities by synchronizing block information between Bitcoin miners and the exSat community.

Moreover, exSat implements decentralized state information indexing for native belongings, enabling streamlined queries and improved interoperability between not solely native BTCs, but in addition extensions reminiscent of Runes, BRC-20, and BRC-721. The staff additionally highlights the alternatives for Solidity builders to construct numerous purposes on the brand new community, with help for common fuel charges for BTC, Ordinals, Ethereum (ETH) and stablecoins.

To hitch the community as validators, customers should stake greater than 100 BTC (equal to roughly $7 million) to qualify as a validator node. Moreover, nodes should stake XSAT tokens to earn income rights.