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exSat Network is a revolutionary Docking Layer designed to scale Bitcoin by enabling smart contracts, decentralized finance (DeFi), and cross-chain interoperability. By combining Bitcoin's security with the flexibility of modern blockchain technology, exSat unlocks Bitcoin's potential to support advanced decentralized applications (DApps) while addressing its scalability challenges.
exSat is powered by a unique hybrid consensus mechanism that combines Bitcoin’s Proof of Work (PoW) with Proof of Stake (PoS), enabling BTC staking to secure the network while rewarding participants with XSAT tokens.
How Many XSAT Tokens Are in Circulation?
XSAT tokens are distributed through a fair token model, rewarding BTC miners, validators, and network contributors. The model ensures sustainable growth with low emissions, balancing incentives for participants while maintaining long-term value. The current XSAT supply and tokenomics details are available on the exSat network’s official website.
Where Can I Buy XSAT?
XSAT tokens can be acquired through staking BTC on the exSat network or through participating exchanges. Detailed instructions for staking is available on the exSat website.
XSAT is the native utility token of the exSat ecosystem and is used for:
Rewarding BTC stakers and validators for contributing to the network's security.
Paying transaction fees within the exSat ecosystem.
Participating in network governance to shape the future of exSat.
exSat Architecture
exSat introduces a revolutionary Docking Layer that transforms Bitcoin into a scalable and interoperable blockchain ecosystem. Unlike traditional Layer 2 (L2) solutions, which prioritize speed and cost reduction, exSat’s Docking Layer enhances Bitcoin’s scalability while maintaining its robust security. This architecture enables seamless interaction with decentralized applications (DApps), smart contracts, and cross-chain solutions.
Key Architectural Features:
Docking Layer Integration: Bridges Bitcoin with Layer 2 ecosystems to enable advanced functionality and access to liquidity.
Hybrid Consensus Mechanism: Combines Bitcoin’s Proof of Work (PoW) with a staking-based Proof of Stake (PoS) system, ensuring security and scalability.
Decentralized State Data Indexing: Provides efficient indexing of Bitcoin's state data to enable faster on-chain operations and support scalable DApps.
Universal Asset Custody Protocol: Allows secure BTC transfers to the exSat ecosystem, creating opportunities for innovative use cases like BTC-backed lending and cross-chain bridges.
Smart Contract Capability: Fully compatible with Ethereum Virtual Machine (EVM), enabling developers to migrate or build DApps on Bitcoin’s secure network.
Roles Within the exSat Ecosystem
The exSat ecosystem is supported by a collaborative network of participants, each playing a vital role in maintaining and growing the network.
1. Synchronizers (Mining Pools):
Responsible for uploading the latest Bitcoin blocks to the exSat network and performing validation and parsing tasks.
Eligibility: Only miners who have successfully mined a Bitcoin block in the past 72 hours can act as Synchronizers.
Role: Ensures the up-to-date integration of Bitcoin block data into exSat.
2. Validators:
Stake a minimum of 100 BTC to participate in network security and consensus.
Validators ensure the validity of Bitcoin block data uploaded to exSat, with only consensus-approved blocks accepted.
Rewards: Earn XSAT tokens for their participation and contributions to the network’s security.
3. Developers:
Utilize exSat’s advanced tools and infrastructures, such as the Data Consensus Protocol, UTXO index, and Universal Asset Custody Protocol.
Develop a variety of Bitcoin-based applications, including lending platforms, payments solutions, asset issuance, and cross-chain bridges.
Flexibility: Write smart contracts in C++ on the native layer or develop contracts on the EVM-compatible extended layer.
4. Users:
Access services and DApps within the exSat ecosystem, such as lending, staking, and asset transfers.
Bridge BTC to exSat via the cross-chain bridge for gas fees, staking, or other use cases.
Participate in network security by staking BTC with Validators and earn XSAT rewards.
Vision of Collaboration
The exSat architecture and ecosystem roles are designed to foster a scalable, secure, and interoperable blockchain landscape. By aligning the interests of Synchronizers, Validators, Developers, and Users, exSat ensures a sustainable and innovative environment for Bitcoin’s continued growth and evolution into Web3.
Vision and Mission
exSat aims to transform Bitcoin from a digital store of value into a scalable, interoperable hub for decentralized innovation. By creating a robust Docking Layer, exSat bridges Bitcoin to the future of blockchain, ensuring it remains at the forefront of Web3 evolution.
The live exSat Network price today is $18.58 USD with a 24-hour trading volume of $193,189 USD. We update our XSAT to USD price in real-time. exSat Network is down 13.90% in the last 24 hours. The current CoinMarketCap ranking is #3764, with a live market cap of not available. The circulating supply is not available and a max. supply of 21,000,000 XSAT coins.