The outbreak of the inscription undoubtedly provided a new perspective for the market, showcasing the huge potential of the Bitcoin ecosystem. However, although the fever of the inscription once ignited the market, with the recession, the scalability problem of Bitcoin has resurfaced, making people start to reflect: in order for Bitcoin to stand out in the fiercely competitive blockchain ecosystem, it must break through the scalability bottleneck and carry out in-depth infrastructure construction.
Many teams are committed to developing L2 solutions based on the Bitcoin network, aiming to attract the dormant BTC liquidity. However, the many BTC L2s also face the challenges encountered by Ethereum L2, such as liquidity dispersion and poor user experience.
To build a user-friendly and developer-friendly unified ecosystem, solving these problems is key.
exSat Network: New Opportunities for the Bitcoin EcosystemexSat Network is an innovative Bitcoin ecosystem expansion solution, aimed at solving the scalability problem of the Bitcoin network, while improving its interoperability with the decentralized finance (DeFi) ecosystem, and inheriting the security of Bitcoin. It does not rely solely on traditional Layer2 or sidechain solutions, but proposes a revolutionary "Docking Layer" concept, which allows Bitcoin and other blockchain protocols to interact and interconnect more efficiently. By facilitating direct queries of BTC and ecosystem token balances, exSat achieves seamless flow of assets and information between different networks and Bitcoin Layer 2 scaling solutions.
The exSat Network mainnet was officially launched on October 23, and the cross-chain bridge was launched on November 5, introducing the Staking function, bringing users a brand new opportunity to earn Bitcoin staking rewards. Users can obtain XSAT rewards by staking BTC, with the current highest yield reaching 150%, which is the lowest risk, highest return, and real-time Claim Rewards network among all BTC yield products. The exSat cross-chain bridge was developed in collaboration with leading custodians such as Ceffu, ChainUp, Cobo and Cactus, and has undergone a comprehensive audit by Blocksec. Currently, exSat Network has staked over 7,100 BTC, with a total locked value (TVL) of over $687 million.
The mainnet is supported by 41 validators, and over 54% of the BTC hash power is synchronizing data on the network. The main industry partners participating in the exSat Network include Matrixport, Spiderpool, Antpool, viaBTC, Everstake, HashKey Cloud, Blocksec, OKX, BitTrade, Bitget, ChainUp Cloud and Cactus Custody. The founder, Yves La Rose, is the founder and CEO of the EOS Network Foundation, and has received a grant of over $20 million from the EOS Foundation to start the project. exSat Network Technical Architecture
● Consensus Layer: Hybrid Consensus Mechanism
One of the core technologies of exSat is its unique hybrid consensus mechanism. This mechanism combines Proof-of-Work (PoW) and Proof-of-Stake (PoS), while ensuring the security and decentralization of the Bitcoin network, it can also improve transaction processing efficiency.
In the exSat network, the block data submitted by the miners will be processed by PoW, and then verified by the validators through PoS. This dual consensus mode not only increases the credibility of the data, but also improves the system's throughput, solving the problem of insufficient scalability of the Bitcoin network, and at the same time creating additional revenue for the miners!
● Data Layer: Decentralized Storage and Indexing Solution
To solve the bottleneck of data storage and management in the Bitcoin network, exSat collaborated with the EOS Foundation, using EOS RAM technology to provide a decentralized storage solution. This storage solution can efficiently manage and store more than 108GB of UTXO (Unspent Transaction Output) data in the Bitcoin network, providing powerful data support for the entire Bitcoin ecosystem. With this solution, exSat can provide more efficient data access and processing capabilities while ensuring data security and transparency, further enhancing the scalability of the Bitcoin network.
● EVM Compatibility
To promote the interoperability between the Bitcoin ecosystem and the Ethereum ecosystem, exSat also supports EVM (Ethereum Virtual Machine) compatibility. This means that developers can more easily migrate DeFi applications and smart contracts from Ethereum to the Bitcoin network, reducing the development threshold and accelerating the construction of the Bitcoin ecosystem. Through this compatibility, exSat has realized cross-chain operations, allowing Bitcoin to have a place in the competition in the DeFi field.
Fair and Transparent Token Economic Model
● Total Supply
The total supply of XSAT is 21,000,000, with the mining rate pre-set and made public, ensuring the transparency and predictability of the supply mechanism, similar to the supply dynamics of Bitcoin.
● Halving Cycle
XSAT adopts a halving mode similar to Bitcoin, with each halving cycle containing 210,000 blocks. After the first 840,000 Bitcoin blocks are synchronized, the XSAT halving cycle will officially start (block height N > 840,000).
● Initial Supply
In the initial stage, the reward for each block is 50 XSAT, and the reward will be halved at the end of each halving cycle to control inflation and ensure the economic sustainability of miner rewards.
● Dual Staking Model
The network launch is divided into three stages: initialization, network launch, and the opening of XSAT staking.
In the initialization stage, the exSat Foundation will synchronize the historical data of the first 840,000 Bitcoin blocks as a snapshot, but this stage has no incentives.
After the initialization is completed, the exSat network will officially start the real-time synchronization of Bitcoin block data. This process allows exSat to continuously receive and process the latest data of the Bitcoin blockchain, discover and verify UTXO and other crypto asset types. At the same time, the miner reward mechanism of exSat will officially start. Since the block data synchronized and audited on the exSat chain is the historical data before 840,000 blocks, there will be a process of catching up with the current BTC block height.
After the catch-up is completed, the XSAT staking stage will be launched. At this time, nodes will need to stake XSAT to obtain node qualifications, and the amount of BTC staked by the nodes will determine the subsequent rewards. Eligible validators can participate in the future decentralized cross-chain bridge multi-signature management and obtain gas revenue.
The token economic model of exSat maximally restores the fair and transparent issuance principles of Bitcoin. XSAT is distributed through a fair launch, ensuring that all participants have equal opportunities to obtain tokens. Even though the EOS Foundation provided $20 million in startup funding, there are no pre-mined token shares, including the exSat team itself. Instead, an innovative node management model has been introduced, where nodes can donate tokens, with a reference ratio of 20%, and the specific ratio is determined by the nodes themselves. Early opportunities for ordinary users, with a maximum annual yield of 150% for staking BTCCurrently in the initial mining stage, institutional nodes have just been mined for less than a month, with a total of 21 million, and the off-exchange price of a single XSAT is around $110.
The minimum amount to stake is 0.005 BTC, and you can approximately earn 3 times the amount of XSAT tokens as a reward per day, which is 0.015 XSAT. Based on the off-exchange price, the daily income is about $1.65, with an annualized yield of up to 150.57%. Depending on the price fluctuations, the returns may be higher or lower, but for BTC and an emerging infrastructure project, this is a win-win choice. Because both BTC and XSAT have very strong upside potential. In contrast to staking for points with unknown token issuance time and long waiting periods, and centralized token issuance projects, the exSat rewards are directly included in the blocks and can be claimed in a timely manner, fully implementing the decentralized principles of Bitcoin, providing real-time and definite rewards for stakers!
You can refer to the official tutorial for Staking: medium.com/exsat-net...
In addition, the official Pioneer activity is currently underway, with BTC rewards. After the upgrade to version 2.0, the deadline is December 25th, and new partners will be joining, making the prize pool more abundant! You can participate: zealy.io/cw/exsat/qu...
Unleash the trillion-dollar market potential, drive BTCFiIn summary, through innovative technologies such as hybrid consensus mechanism, decentralized storage solution, and EVM compatibility, exSat not only solves the problem of insufficient scalability in the Bitcoin ecosystem, but also provides users with safer, more efficient, and more transparent Staking and earning opportunities, promoting the development of the Bitcoin ecosystem towards broader DeFi applications and multi-dimensional innovations.
Through various innovations in technical architecture and token economics, exSat enables the Bitcoin mainnet to better interconnect with external Layer2 networks, DeFi ecosystems, and other blockchain platforms. This flexible architectural design enhances the scalability and interoperability of Bitcoin, bringing unprecedented development opportunities to the Bitcoin ecosystem and truly unleashing the trillion-dollar market potential of BTCFi! Learn more: Official X: x.com/exSatNetwork
Chinese X: x.com/exSat_CN
Official TG: t.me/ExSatNetwork
