Bitget Elevates exSat Network as Key Data Validator

Singapore, Singapore, August 2nd, 2024, Chainwire

exSat is excited to welcome Bitget as a new Validator node in our network. This partnership represents a significant milestone, enhancing scaling solutions through the exSat Docking Layer and advancing the Bitcoin ecosystem.

About BitgetEstablished in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

exSat: The Docking Layer for BitcoinexSat is a groundbreaking Docking Layer designed to address the inherent scalability and interoperability challenges of Bitcoin. By providing a Data Availability Layer and a Decentralized Indexer, exSat extends BTC’s data capabilities, allowing for improved scalability, security, and interoperability within the ecosystem. This approach enables the seamless integration of Bitcoin with various Layer 2 solutions, offering a robust platform for smart contracts and complex business logic applications.

Hybrid Consensus MechanismexSat employs a unique Data Consensus Extension Protocol that combines Proof of Work (PoW) and Proof of Stake (PoS). This hybrid consensus mechanism ensures that exSat can leverage the strengths of both PoW and PoS, enhancing BTC’s data consensus and providing a secure and scalable infrastructure for the Bitcoin ecosystem.

exSat Validator NodesEntities interested in serving as Validator Nodes are integral to strengthening the security and decentralization of Bitcoin’s functionalities through exSat. These nodes play a pivotal role in maintaining the network’s integrity and scalability, ensuring that engaged and capable partners contribute to our robust ecosystem. Validators are selected based on their demonstrated commitment and technical capabilities, solidifying the network’s standards of security and operational efficiency.

“Partnering with Bitget as a Validator is a pivotal step for exSat. Bitget’s extensive expertise in crypto exchange and wallet services, combined with their global reach, makes them an ideal partner in our mission to enhance Bitcoin’s scalability and security. Their involvement will significantly bolster our efforts to achieve a more robust and decentralized network, ensuring a secure and efficient future for Bitcoin.”— Yves La Rose, Founder of exSat.Unique Benefits to PartnershipThrough this partnership with Bitget, exSat is set to enhance the functional scope of Bitcoin by enabling more efficient and secure transactions, along with the deployment of complex smart contracts. Bitget’s role as a Validator will be crucial in maintaining the integrity and efficiency of the exSat network, marking a significant step forward in our shared vision for a scalable, interoperable Bitcoin ecosystem.

Bitget’s extensive experience in providing asset storage, fast trading, and DeFi investments across more than 168 countries will bring significant value to the exSat network. Their support of over 100 public chains and integration of functionalities like Swap, NFT Market, and DApp Browser will enhance the robustness and versatility of the Bitcoin ecosystem through exSat.

Stay tuned for more announcements as we continue to reveal additional validators joining exSat, reinforcing our dedication to creating a scalable and interoperable Bitcoin ecosystem.

About exSatexSat is dedicated to addressing the scalability and interoperability challenges of Bitcoin. By implementing a Data Consensus Extension Protocol that combines Proof of Work (PoW) and Proof of Stake (PoS), exSat aims to enhance BTC’s data consensus, scalability, security, and interoperability within the ecosystem. For more information, visit exsat.network and join exSat on X.

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This article was originally published on Chainwire

Source: Investing.com