The exSat Network has officially launched Mainnet with major partners that include Bitcoin miners, exchanges and staking protocols. Synchronizers and Validators started synchronizing Bitcoin data from block height 840,000 to the exSat network.
With 4100 $BTC in Total-Value-Locked (TVL), 6 Bitcoin network synchronizers and 50 validators at launch, exSat has emerged as one of the largest Bitcoin scaling solution in the ecosystem. The launch also trigged $XSAT token generation event to reward synchronizers and validators for securing and validating transactions on the network.
The network utility token was designed to offer a fair launch distribution with no pre-mining, no team allocation and no private sales. $XSAT is earned by mining native Bitcoin blocks, synchronizing and validating data on the network.
exSat is a high-performance chain with fast confirmation time (see block explorer). It consists of two layers: the Native Layer and the EVM Layer that supports any EVM wallet like Metamask or OKX wallet.
exSat (Extend Satoshi) aims to address the scalability and interoperability challenges of Bitcoin. It offers Bitcoin Data availability by combining Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus, serving as the docking layer for projects looking to access high-available and secure Bitcoin’s Metadata.
Let’s see what Bitcoin-based entrepreneurs & developers build on exSat. Here are some useful links for more information:
exSat website: https://exsat.network
exSat Explorer (Native Layer): https://exsat.network/app
exSat Explorer (EVM Layer): https://scan.exsat.network/
exSat Doc: https://docs.exsat.network/