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exSat Network, a scaling solution designed to enhance Bitcoin's utility, has officially launched its mainnet in this announcement.
HighlightsexSat Network, a scaling solution for Bitcoin, has unveiled its mainnet launch. This move aims to enhance Bitcoin’s utility and open up new possibilities.
The exSat mainnet boasts over 30 validators, including Matrixport, Spiderpool, and Antpool, each staking a minimum of 100 BTC to ensure robust network security.
In its initial phase, exSat has attained remarkable synchronizer participation, with some of the largest Bitcoin mining pools contributing to securing over 60% of the network’s hash rate.
Through a real-time UTXO index synchronized across the network, exSat enables advanced features like complex smart contracts and DeFi protocols on Bitcoin.
The exSat Network introduces its native token, XSAT, which embodies the spirit of Bitcoin’s fair launch principles and is designed to be earned through activities like native Bitcoin block mining and data validation.
At launch, exSat has already accrued over $270 million in Total Value Locked (TVL), positioning it as one of the largest scaling solutions within the Bitcoin
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