For exSat, this partnership with BitTrade, a licensed company, is a huge step forward.
It will enhance the scaling solutions and increase the impact of Bitcoin. Let’s explore more about this milestone for exSat and BitTrade.
What is exSat’s Platform?
exSat is a game-changing Docking Layer that aims to solve Bitcoin’s problems with scaling and working with other systems. It makes Bitcoin’s data abilities better, which helps it scale, stay secure, and work well with other systems.
It lets Bitcoin fit in with different Layer 2 solutions backing smart contracts and complex business tools.
Source: X
Source: How exSat Works and the Role of Validator Nodes
The platform has a data availability layer and a decentralized indexer. These features expand Bitcoin’s capabilities. exSat employs the Data Consensus Extension Protocol, which combines PoW and PoS. exSat uses PoW and PoS to build a reliable and expandable foundation for Bitcoin.
On the other hand, Validator Nodes have an essential function in the exSat network. Many boost Bitcoin’s security, while others help spread out its operations. These nodes provide and maintain the network’s capabilities and help it grow. The network selects validators based on their commitment level and technical expertise.
Source: X
BitTrade as a Validator & Growing Bitcoin’s Network
The presence of BitTrade as a validator has a positive effect on exSat. Huaqiang Wen, who started exSat, said, “Getting BitTrade to be a validator is a big step for exSat. We’re trying to get over 51% of the BTC hash rate and stack over 10,000 staked BTC. It will keep our network safe and running well.”
This collaboration will expand the application of Bitcoin, increase its throughput, and support advanced smart contracts. BitTrade’s job as a Data Checker will be crucial in keeping the exSat network running well. To be able to build a Bitcoin system that can now grow and interface with other systems is a huge step.
Source: X
The next collaboration is with SpiderPool, the world’s #7 mining pool by hash power. It joins exSat as a validator node and as a synchronizer node. BitTrade becoming the second validator proves that exSat works hard to establish a solid network.
Disclaimer
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