The exSat Network has launched its mainnet, aiming to enhance Bitcoin's scalability. It has introduced the XSAT token, which will be rewarded to validators securing the network. exSat allows Bitcoin's transactional data to interact with different smart contract blockchains, enabling the development of multichain decentralized applications. The project has gained support from various industry players, and has already raised $200 million in TVL. The liquidity will support financial services like trading, lending, and staking. The exSat protocol combines Proof-of-Work and Proof-of-Stake mechanisms to provide a robust and highly scalable framework. Developers are encouraged to explore and build on the network's features.
- Content Editor ( blockchainreporter.net )
- 2024-10-23
exSat Network Mainnet Launches with $200M in Liquidity and $BTC Integration