Ethereum

Bitcoin

Foundation

Read

EOS has announced a new solution aiming to improve Bitcoin’s scalability and compatibility with layer-2 networks.
<a href="https://crypto.news/tag/eos/" target="_blank" rel="noopener noreferrer nofollow">EOS Network</a>, a blockchain platform powered by the EOS virtual machine, has announced the development of exSat, a docking layer, aimed at bridging the gap between <a href="https://crypto.news/tag/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a>‘s mainnet and a diverse array of layer-2 scaling solutions within the Bitcoin ecosystem.
In a <a href="http://By facilitating direct queries of BTC and ecosystem token balances, exSat enables a seamless flow of assets and information across different networks and Bitcoin Layer 2 scaling solutions." target="_blank" rel="noopener noreferrer nofollow">blog announcement</a> on Apr. 10, the exSat Network team said their solution could potentially expand Bitcoin’s data consensus to enhance “interoperability, scalability, and security within the Bitcoin ecosystem.”
<blockquote class="wp-block-quote">
 “By facilitating direct queries of BTC and ecosystem token balances, exSat enables a seamless flow of assets and information across different networks and Bitcoin layer-2 scaling solutions.”
 The exSat Network team
</blockquote>
You might also like: <a href="https://crypto.news/eos-network-foundation-urges-community-to-reject-22-million-settlement-offer/" rel="noopener noreferrer nofollow"> EOS Network Foundation urges community to reject $22 million settlement offer </a>
Powered by a hybrid consensus mechanism that merges proof-of-work, proof-of-stake, and delegated proof-of-stake, exSat wants to expand Bitcoin’s functionalities by synchronizing block data between Bitcoin miners and the exSat Network.
Additionally, exSat implements decentralized state data indexing for native assets, enabling streamlined querying and improved interoperability across not only native BTCs, but also extensions like Runes, BRC-20, and BRC-721. The team also emphasizes opportunities for Solidity developers to build diverse applications on the new network, with support for universal gas fees for BTC, Ordinals, Ethereum (ETH), and stablecoins.
To participate in the network as validators, users would need to stake over 100 BTC (equivalent to around $7 million) to qualify as a validator node. Additionally, nodes must stake XSAT tokens to earn revenue rights.
Read more: <a href="https://crypto.news/eos-network-foundation-lawsuit-block-one-1b-breach/" rel="noopener noreferrer nofollow"> EOS Foundation suing Block.one for $1 billion commitment breach </a>

EOS Network unveils exSat to solve Bitcoin scalability issues

crypto.news

发布于 2024年4月10日的其他文章

Uniswap Versus SEC: Community Ready To Join The Fight

Bybit Takes Major Step Towards Making Crypto More Accessible as it Announces Google Pay Integration

Cryptocurrency NEAR Protocol Falls More Than 6% In 24 hours

Satoshi Protocol: First CDP on Bitcoin Layer2, 500k OSHI Airdrop with Binance wallet and BEVM

Bitcoin (BTC) Google Searches Just Surpassed Taylor Swift and Beyonce’s

Bitcoin Plummets Under $69K Preceding US Inflation Report

订阅我们免费的电子期刊，获取每日最新加密领域动态！