EOS has introduced a new solution to enhance Bitcoin’s scalability and compatibility with layer-2 networks. The EOS Network, powered by the EOS virtual machine, has unveiled exSat, a docking layer designed to connect Bitcoin’s mainnet with various layer-2 scaling solutions in the Bitcoin ecosystem.

The exSat Network team announced on Apr. 10 that their solution could potentially broaden Bitcoin’s data consensus to improve interoperability, scalability, and security within the Bitcoin ecosystem. By enabling direct queries of BTC and ecosystem token balances, exSat facilitates a smooth flow of assets and information across different networks and Bitcoin layer-2 scaling solutions.

The exSat Network operates on a hybrid consensus mechanism that combines proof-of-work, proof-of-stake, and delegated proof-of-stake. It aims to enhance Bitcoin’s capabilities by syncing block data between Bitcoin miners and the exSat Network. Additionally, exSat implements decentralized state data indexing for native assets, allowing for streamlined querying and enhanced interoperability not only with native BTCs but also with extensions like Runes, BRC-20, and BRC-721.

The team highlights opportunities for Solidity developers to create diverse applications on the new network, with support for universal gas fees for BTC, Ordinals, Ethereum (ETH), and stablecoins. To become validators on the network, users must stake over 100 BTC (approximately $7 million) to qualify as a validator node. Nodes are also required to stake XSAT tokens to earn revenue rights.

For more information on the EOS Network and exSat, visit Global Crypto News for the latest updates and news in the cryptocurrency world.

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