{"id":99023,"date":"2024-11-06T17:11:08","date_gmt":"2024-11-06T21:11:08","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=99023"},"modified":"2024-11-06T17:12:30","modified_gmt":"2024-11-06T21:12:30","slug":"exsat-network-launches-staking-services","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/exsat-network-launches-staking-services\/","title":{"rendered":"Bitcoin-Based exSat Network Launches Staking Services"},"content":{"rendered":"\n

Less than two weeks after the mainnet debut, exSat Network, a Bitcoin network scaling solution, has introduced staking services<\/a>.<\/p>\n\n\n\n

\"Bitcoin-Based
Bitcoin-Based exSat Network Launches Staking Services<\/figcaption><\/figure>\n\n\n\n

In an effort to generate “new financial opportunities,” Singapore-based scaling firm exSat Network is introducing staking services for Bitcoin owners. <\/p>\n\n\n\n

The exSat Network team stated in a press release on Nov. 5 that the new solution, which is available through the exSat bridge, offers yield potential through staking. Users will receive XSAT, the native token<\/a> of the exSat ecosystem, in return for staked Bitcoin. <\/p>\n\n\n\n

Although no listing timetable has been given, it is anticipated that XSAT will eventually be traded on several exchanges. <\/p>\n\n\n\n

The exSat bridge, which was created in cooperation with custodians Ceffu, ChainUp, Cobo, and Cactus, has been assessed by Blocksec to guarantee security and dependability.\u00a0<\/p>\n\n\n\n

The team also reported that, with the help of more than 41 validators, exSat Network had secured over $488 million in total value locked<\/a>.\u00a0<\/p>\n\n\n\n

ExSat aims to resolve Bitcoin's issue<\/h2>\n\n\n\n

ExSat, a docking layer introduced in late October, aims to improve functionality and scalability while promoting wider Bitcoin usage. <\/p>\n\n\n\n

ExSat aims to enhance Bitcoin's consensus process and fortify network security by implementing a data consensus extension protocol that combines proof-of-work \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>and proof-of-stake algorithms. <\/p>\n\n\n\n

The cryptocurrency exchange OKX was reported to have joined the exSat Network as a validator node in mid-September, assisting with efforts to use exSat's hybrid consensus process to increase the scalability and interoperability of Bitcoin. <\/p>\n\n\n\n

To be eligible for revenue rights, validators on the exSat Network must invest more than 100 BTC in addition to XSAT, the native token of exSat.<\/p>\n","protected":false},"excerpt":{"rendered":"

Less than two weeks after the mainnet debut, exSat Network, a Bitcoin network scaling solution, has introduced staking services. In an effort to generate “new financial opportunities,” Singapore-based scaling firm exSat Network is introducing staking services for Bitcoin owners. The exSat Network team stated in a press release on Nov. 5 that the new solution, […]<\/p>\n","protected":false},"author":43,"featured_media":99024,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[15191,22691,21795],"class_list":["post-99023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-scaling-solution","tag-exsat-network","tag-staking-services"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/croc_1730925398490.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/99023","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=99023"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/99023\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/99024"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=99023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=99023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=99023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}