We all know that processing Bitcoin transactions takes a long time and has high gas fees.
Although it has come a long way, this is a limiting factor for global adoption. Here’s how exSat is addressing Bitcoin-Based Layer 2 interoperability and scalability issues.
What is exSat?
Layer 2 (L2) networks are fast and reliable in processing multiple transactions. They are all about scalability. So, exSat introduces a Docking Layer to solve Bitcoin scalability issues. A Docking Layer protocol serves as a middleman in connecting platforms. It bridges one network to another.
𝗲𝘅𝗦𝗮𝘁: The Docking Layer for Bridging the Gap Between Bitcoin and Layer 2 Scaling Solutions
Learn more about how #exSat is extending #Bitcoin's data consensus to enhance interoperability, scalability, and security within the $BTC ecosystem.
👇👇https://t.co/bdyzlUcjx2 pic.twitter.com/H9igEu0ko8
— exSat Network (@exSatNetwork) April 9, 2024
In this case, the Docking Layer connects the Bitcoin protocol with Layer 2 scaling solutions. The purpose is to address Bitcoin’s scalability, interoperability, and smart contract capabilities. To further address the scalability issue, exSat introduces data consensus extension protocols.
exSat’s Data Consensus Extension Protocol
ExSat uses a Data Consensus extension protocol to help improve Bitcoin’s features. The protocol functions by a consensus mechanism that forms a hybrid. exSat’s consensus mechanism combines the Proof-Of-Work (PoW), Proof-Of-Stake (PoS), and Delegated Proof-Of-Stake (DPos).
#exSat introduces a Data Consensus Extension Protocol powered by a hybrid consensus mechanism that merges PoW ( $BTC ), PoS ( $XSAT ), and DPoS ( $EOS ). This innovative approach enables a seamless and secure enhancement of Bitcoin's functionalities. pic.twitter.com/IHBviRfU0H
— exSat Network (@exSatNetwork) April 4, 2024
The data consensus extension protocol enables decentralized state data indexing. This innovation is perfect for Bitcoin, Ordinals, and other assets harnessing EOS RAM. EOS RAM is helpful for fast access and low-latency storage.
So, exSat integrated the working techniques of Ethereum Virtual Machine (EVM). With EVM integration, exSat offers a platform where developers can create applications. exSat bridging Bitcoin and Layer 2 solution has improved its stability.
exSat for Developers
Are you a developer who wants to explore the Binance ecosystem? There is no better time to get started than now. Developers can now build applications on the Bitcoin network while enjoying the benefits of scalability.
#exSat takes a groundbreaking approach to scaling the #Bitcoin ecosystem.
Unlike typical Layer 2 solutions, @ExSatNetwork brings forth a 'Docking Layer' concept, redefining scalability by enhancing the $BTC ecosystem comprehensively.
A thread 🧵 (1/8) pic.twitter.com/vp0RjgKn2V
— exSat Network (@exSatNetwork) April 5, 2024
ExSat’s integration of its consensus and data indexing ensures data synchronization and management. With support for EVM, developers can now create Dapps on Bitcoin’s network with lower gas fees. Bitcoin is a new era of innovation, and it’s nice to see it make its way to the top through its infrastructure.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
