{"id":75706,"date":"2024-04-10T17:27:26","date_gmt":"2024-04-10T21:27:26","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=75706"},"modified":"2024-04-10T17:30:17","modified_gmt":"2024-04-10T21:30:17","slug":"eos-network-unveils-exsat-to-solve-bitcoin-scalability-issues","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/eos-network-unveils-exsat-to-solve-bitcoin-scalability-issues\/","title":{"rendered":"EOS Network Unveils exSat to Solve Bitcoin Scalability Issues"},"content":{"rendered":"\n<p>In an effort to increase Bitcoin's scalability and compatibility with <a href=\"https:\/\/coinscreed.com\/staging\/layer-2-networks-optimism-arbitrum-witness-high-combined-transaction-volume.html\" target=\"_blank\" rel=\"noreferrer noopener\">layer-2 networks<\/a>, EOS has unveiled a new option.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/04\/croc_1712783546045-1-1024x576.jpg\" alt=\"EOS Network Unveils exSat to Solve Bitcoin Scalability Issues\" class=\"wp-image-75709\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/04\/croc_1712783546045-1-1024x576.jpg 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/04\/croc_1712783546045-1-300x169.jpg 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/04\/croc_1712783546045-1-768x432.jpg 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/04\/croc_1712783546045-1-750x422.jpg 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/04\/croc_1712783546045-1-1140x641.jpg 1140w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/04\/croc_1712783546045-1.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">EOS Network Unveils exSat to Solve Bitcoin Scalability Issues<\/figcaption><\/figure>\n\n\n\n<p>The creation of exSat, a docking layer, has been announced by EOS Network, a <a href=\"https:\/\/coinscreed.com\/staging\/fox-corp-launches-polygon-based-blockchain-platform-verify.html\" target=\"_blank\" rel=\"noreferrer noopener\">blockchain platform<\/a> driven by the EOS virtual machine. ExSat aims to bridge the gap between the mainnet of Bitcoin and the various layer-2 scaling options available within the Bitcoin ecosystem. <\/p>\n\n\n\n<p>The exSat Network team stated in a blog post on April 10 that their technology might increase Bitcoin's data consensus to improve &#8220;interoperability, scalability, and security within the Bitcoin ecosystem.&#8221; The group at exSat Network:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;ExSat enables a seamless flow of assets and information across different networks and Bitcoin layer-2 scaling solutions by facilitating direct queries of BTC and ecosystem token balances.&#8221;<\/p>\n<\/blockquote>\n\n\n\n<p>Powered by a hybrid consensus mechanism that merges proof-of-work, proof-of-stake, and delegated proof-of-stake, exSat wants to expand Bitcoin\u2019s functionalities by synchronizing block data between <a href=\"https:\/\/www.investopedia.com\/terms\/b\/bitcoin-mining.asp\" target=\"_blank\" rel=\"noreferrer noopener\">Bitcoin miners<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a> and the exSat Network.<\/p>\n\n\n\n<p>ExSat additionally incorporates decentralized state data indexing for native assets, which facilitates better interoperability and faster searching not only among native BTCs but also among extensions such as Runes, BRC-20, and BRC-721. <\/p>\n\n\n\n<p>The team also highlights how the new network, which supports universal gas fees for Bitcoin, Ethereum (ETH), Ordinals, and stablecoins, would allow Solidity developers to create various applications. <\/p>\n\n\n\n<p>Users would have to stake more than 100 BTC, or around $7 million, to be eligible to become validator nodes and take part in the network as validators. Nodes also need to stake <a href=\"https:\/\/coinscreed.com\/staging\/ftx-sells-30m-sol-tokens-at-64-each-to-industry-giants.html\" target=\"_blank\" rel=\"noreferrer noopener\">XSAT tokens<\/a> to obtain income rights.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In an effort to increase Bitcoin&#8217;s scalability and compatibility with layer-2 networks, EOS has unveiled a new option. The creation of exSat, a docking layer, has been announced by EOS Network, a blockchain platform driven by the EOS virtual machine. ExSat aims to bridge the gap between the mainnet of Bitcoin and the various layer-2 [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":75709,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[130],"tags":[202,19097,19098],"class_list":["post-75706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","tag-blockchain","tag-eos-network","tag-exsat"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/04\/croc_1712783546045-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/75706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=75706"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/75706\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/75709"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=75706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=75706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=75706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}