The exSat Network team has proposed a solution that aims to enhance Bitcoin’s data consensus for improved interoperability, scalability, and security within the Bitcoin ecosystem. They have suggested that their solution could potentially enable a seamless flow of assets and information across different networks and Bitcoin layer-2 scaling solutions by allowing direct queries of BTC and ecosystem token balances.
The team at exSat Network has designed their solution using a hybrid consensus mechanism that merges proof-of-work, proof-of-stake, and delegated proof-of-stake. Their goal is to expand Bitcoin’s functionalities by synchronizing block data between Bitcoin miners and the exSat Network.
Additionally, the team highlights the opportunities for Solidity developers to build diverse applications on the new network, featuring support for universal gas fees for BTC, Ordinals, Ethereum (ETH), and stablecoins. To participate in the exSat Network as validators, users would need to stake over 100 BTC (equivalent to around $7 million) to qualify as a validator node.
Furthermore, nodes are required to stake XSAT tokens in order to earn revenue rights.