Introducing exSat: Bitcoin Scaling Powered by EOS
The EOS blockchain continues to push the boundaries of decentralized innovation with the announcement of exSat. exSat is a Docking Layer that was built to bridge the gap between Bitcoin’s native layer and a multitude of Layer 2 scaling solutions for the Bitcoin ecosystem. exSat ties together several pieces of blockchain technology to create a robust solution that overcomes many of the current challenges when it comes to improving the scalability of Bitcoin and EOS will play a critical role in this vision. Check out the full announcement from the exSat team.
The news has garnered a lot of excitement from both various ecosystems across the Web3 industry. Check out the coverage from CoinDesk below to learn more about the implications of this powerful innovation.
Leveraging EOS RAM to Store Readily Accessible BTC Data
The technology stack for exSat combines several consensus mechanisms for various functions, including PoW from BTC Miners, PoS by BTC Staking Validators and DPoS data consensus extension protocol powered by EOS. The platform takes advantage of EOS blockspace to achieve on-chain storage of block data. EOS RAM also plays an important role in the parsing and storage of relevant data. All of this comes during a time of growing adoption for RAM as an important utility tool for Web3 developers.
A Blockchain Within a Blockchain
exSat is yet another example of the performance and scalability of EOS, following in the wake of platforms like EOS EVM and the EOS Stable Coin Chain (ESCC). These are all brand new blockchains that have been built on top of the EOS Native base layer, bringing the total count of EOS-based blockchain ecosystems to four. This showcases the immense flexibility and performance that EOS has to offer when it comes to growing not only the base later of the ecosystem, but multiple new blockchain ecosystems on top of it. When taking into considerations the potential integration of technology such as Inter-Blockchain Communication (IBC), the implications of scaling an ecosystem on EOS are exciting. Learn more about IBC on EOS below.
A Vision Brought to Life by Countless Contributors
The launch of exSat would not have been possible without the dedicated work of countless contributors across the EOS ecosystem. Spearheaded through a joint collaboration between EOS Labs, EOS Network Foundation (ENF) and EOS Network Ventures (ENV), this new platform is an example of what is possible on EOS when our community and ecosystem leaders find new avenues to collaborate with the joint goal of pushing the industry forward.
Be sure to follow exSat on X to stay updated on future announcements from the exSat ecosystem. Also, follow the EOS Network Foundation for updates on all things EOS. Don’t forget to join the EOS Global Telegram group to connect with other EOS enthusiasts. Read the full announcement from the exSat team to learn more about this groundbreaking project.
EOS Network
The EOS Network is a 3rd generation blockchain platform powered by the EOS VM, a low-latency, highly performant, and extensible WebAssembly engine for deterministic execution of near feeless transactions; purpose-built for enabling optimal Web3 user and developer experiences. EOS is the flagship blockchain and financial center of the Antelope framework, serving as the driving force behind multi-chain collaboration and public goods funding for tools and infrastructure through the EOS Network Foundation (ENF).
EOS Network Foundation
The EOS Network Foundation (ENF) was forged through a vision for a prosperous and decentralized future. Through our key stakeholder engagement, community programs, ecosystem funding, and support of an open technology ecosystem, the ENF is transforming Web3. Founded in 2021, the ENF is the hub for EOS Network, a leading open source platform with a suite of stable frameworks, tools, and libraries for blockchain deployments. Together, we are bringing innovations that our community builds and are committed to a stronger future for all.
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