
Layer-2 Scaling Solution exSat Network Unveils Bitcoin Staking for DeFi Users
exSat Network introduces Bitcoin staking opportunities for users with the launch of a new cross-chain bridge.
exSat Network introduces Bitcoin staking opportunities for users with the launch of a new cross-chain bridge.
Bitcoin scalability solution exSat launches mainnet in collaboration with top industry validators and synchronizers including Matrixport, Antpool, and viaBTC. The network launches with a healthy $200 million in total locked value (TVL) in its vaults.
The deal will see HashKey Cloud handle various tasks for exSat, such as synchronizing the initial 840,000 Bitcoin blocks to establish the foundational consensus for the upcoming L2 protocol.
The exSat functionality relies on a network of synchronizers and validators. Synchronizers, secured through Bitcoin PoW consensus, help in bridging BTC with exSat, ensuring accurate data transfer.