Singapore, Singapore, August 2, 2024, Chainwire
exSat is excited to welcome Bitget as a new validator node on our network. This partnership represents an important milestone as it enhances scaling solutions across the exSat coupling layer and moves the ecosystem forward.
About Bitget
Founded in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. With over 25 million users across 100+ countries and regions, the Bitget exchange platform is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers a variety of comprehensive Web3 solutions and features including wallet functionality, exchange, NFT Marketplace, DApp browser, and more. Bitget inspires people to embrace crypto through collaborations with credible partners including legendary Argentine footballer Lionel Messi and Turkish national athletes Buse Tosun Çavuşoğlu (world champion in wrestling), Samet Gümüş (gold medalist in boxing), and İlkin Aydın (national volleyball team).
exSat: The coupling layer for Bitcoin
exSat is an innovative coupling layer designed to address the inherent scalability and interoperability challenges of Bitcoin. By providing a data availability layer and a decentralized indexer, exSat extends BTC’s data capabilities, allowing for better scalability, security, and interoperability within the ecosystem. This approach enables seamless integration of Bitcoin with various layer 2 solutions, offering a robust platform for smart contracts and complex business logic applications.
Hybrid consensus mechanism
exSat employs a unique Data Consensus Extension Protocol that combines Proof of Work (PoW) and Proof of Stake (PoS). This hybrid consensus mechanism ensures that exSat can leverage the strengths of both PoW and PoS, improving BTC data consensus and providing a secure and scalable infrastructure for the Bitcoin ecosystem.
exSat validator nodes
Entities interested in acting as validator nodes are critical to strengthening the security and decentralization of Bitcoin functionalities through exSat. These nodes play a critical role in maintaining the integrity and scalability of the network, ensuring that committed and capable partners contribute to our robust ecosystem. Validators are selected based on their demonstrated commitment and technical capabilities, consolidating the network’s standards of security and operational efficiency.
“Partnering with Bitget as a validator is a critical step for exSat. Bitget’s extensive experience in cryptocurrency exchange and wallet services, combined with their global reach, makes them an ideal partner in our mission to improve the scalability and security of Bitcoin. Their involvement will significantly bolster our efforts to achieve a more robust and decentralized network, ensuring a safe and efficient future for Bitcoin.”
— Yves La Rose, founder of exSat.
Unique benefits of partnership
Through this partnership with Bitget, exSat aims to improve the functional reach of Bitcoin by enabling more efficient and secure transactions, along with the implementation of complex smart contracts. Bitget’s role as a validator will be crucial in maintaining the integrity and efficiency of the exSat network, marking a significant advancement in our shared vision of a scalable and interoperable Bitcoin ecosystem.
Bitget’s extensive experience in providing asset storage, fast trading, and DeFi investments across 168+ countries will bring significant value to the exSat network. Its support for 100+ public chains and integration of functionalities such as Swap, NFT Market, and DApp Browser will enhance the robustness and versatility of the Bitcoin ecosystem through exSat.
Stay tuned for more announcements as we continue to reveal additional validators joining exSat, reinforcing our dedication to creating a scalable and interoperable Bitcoin ecosystem.
About exSat
exSat is dedicated to addressing Bitcoin’s scalability and interoperability challenges. By implementing a Data Consensus Extension Protocol that combines Proof of Work (PoW) and Proof of Stake (PoS), exSat aims to improve data consensus, scalability, security, and interoperability of BTC within the ecosystem. For more information, visit exsat.network and join exSat on X.
ContactTristan DickinsonexSaturday[email protected]
This article was originally published on Chainwire
