Bitget Appoints exSat Network as a Key Data Validator, According to Chainwire

Singapore, Singapore, August 2nd, 2024 — exSat is thrilled to announce the addition of Bitget as a new Validator node in our network. This collaboration marks a significant advancement in our efforts to enhance scaling solutions through the exSat Docking Layer and improve the overall ecosystem.

About Bitget

Founded in 2018, Bitget has emerged as a leading cryptocurrency exchange and Web3 platform globally. With over 25 million users across more than 100 countries, Bitget is dedicated to empowering users to trade more effectively through innovative features like copy trading, along with a suite of trading solutions. Previously known as BitKeep, Bitget Wallet is a top-tier multi-chain crypto wallet that provides a variety of Web3 solutions and functionalities, including wallet services, swapping, an NFT Marketplace, and a DApp browser. Bitget aims to encourage the adoption of cryptocurrency through partnerships with prominent figures, such as celebrated Argentinian footballer Lionel Messi, and notable Turkish National athletes in wrestling, boxing, and volleyball.

exSat: The Docking Layer for Bitcoin

exSat is an innovative Docking Layer created to tackle the scalability and interoperability issues associated with Bitcoin. By introducing a Data Availability Layer and a Decentralized Indexer, exSat enhances BTC’s data capabilities, resulting in improved scalability, security, and interoperability within the ecosystem. This framework facilitates the seamless integration of Bitcoin with a variety of Layer 2 solutions, positioning it as a robust platform for smart contracts and complex applications.

Hybrid Consensus Mechanism

exSat employs a distinct Data Consensus Extension Protocol that merges Proof of Work (PoW) and Proof of Stake (PoS) mechanisms. This hybrid consensus model allows exSat to leverage the advantages of both PoW and PoS, thereby improving BTC’s data consensus while offering a secure and scalable infrastructure for the Bitcoin ecosystem.

exSat Validator Nodes

Organizations interested in serving as Validator Nodes are crucial for enhancing the security and decentralization of Bitcoin’s functionalities through exSat. These nodes are essential for maintaining the network’s integrity and scalability, ensuring that experienced and capable partners contribute meaningfully to our robust ecosystem. Selection of Validators is based on their demonstrated commitment and technical proficiency, which reinforces the standards of security and operational effectiveness within the network.

“Partnering with Bitget as a Validator is a pivotal step for exSat. Bitget’s vast expertise in cryptocurrency exchange and wallet services, along with their international reach, makes them an ideal ally in our mission to boost Bitcoin’s scalability and security. Their participation will significantly strengthen our efforts toward a more robust and decentralized network, paving the way for a secure and efficient future for Bitcoin.”
— Yves La Rose, Founder of exSat.

Unique Benefits of the Partnership

With this partnership, exSat anticipates enhancing Bitcoin’s functional capabilities by facilitating more efficient and secure transactions and enabling complex smart contracts. Bitget’s role as a Validator will be essential in upholding the integrity and efficacy of the exSat network, representing a major step forward in our collective vision for a scalable and interoperable Bitcoin ecosystem.

Bitget’s extensive expertise in asset storage, rapid trading, and DeFi investments across over 168 countries will bring substantial value to the exSat network. Their support of more than 100 public chains and the incorporation of features such as Swap, NFT Market, and DApp Browser will further enrich the robustness and versatility of the Bitcoin ecosystem via exSat.

Stay tuned for upcoming announcements as we introduce additional validators joining exSat, reaffirming our commitment to developing a scalable and interoperable Bitcoin ecosystem.

About exSat

exSat is focused on overcoming 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 Bitcoin’s data consensus, scalability, security, and interoperability within the ecosystem.

Contact:
Tristan Dickinson
exSat
[email protected]