ExSat Forms Alliance with BitTrade to Boost Bitcoin Scalability
In Brief
exSat has partnered with BitTrade, which will function as a Data Validator node in its network, representing its first cooperation with a licensed entity.
Docking Layer exSat announced a strategic collaboration with a cryptocurrency exchange BitTrade , which will act as one of the Data Validator nodes in exSat’s network. This partnership signifies exSat’s first engagement with a licensed institution, aimed at strengthening scalability solutions and advancing the Bitcoin ecosystem.
"Welcoming BitTrade as a validator is a pivotal achievement for exSat as we aim to secure over 51% of the BTC hashrate and accumulate upwards of 10,000 staked BTC to bolster the network’s safety and efficiency,\" stated Huaqiang Wen, Founder of exSat. \"BitTrade’s robust BTC staking initiative aligns seamlessly with our objectives, enabling them to contribute immediately and gain from this alliance,\" he continued.
BitTrade is a prominent cryptocurrency exchange in Japan, recognized for managing the highest volume of coins in the nation and adopting a localization approach in its operations. The platform offers two primary market types: a simple swap service designed for the preferences of Japanese users and a conventional order book market service. Additionally, it features a variety of financial products, including interest-bearing accounts for Bitcoin.
Organizations considering joining as Validator Nodes are essential for enhancing the security and decentralization of Bitcoin through exSat. These nodes play a critical role in maintaining the network’s integrity and scalability, ensuring that committed and skilled partners enhance its resilient framework. Validators are selected based on their demonstrated commitment and technical acumen, reinforcing the network’s standards for security and operational efficiency.
Through this collaboration, exSat aspires to broaden Bitcoin's operational capabilities by facilitating swifter and more secure transactions while also supporting sophisticated smart contract deployments. BitTrade’s role as a Data Validator will be crucial for maintaining the integrity and efficiency of the exSat network, marking a significant step towards achieving a scalable and interoperable ecosystem. Bitcoin ecosystem .
ExSat Strengthens Its Network by Adding SpiderPool as a Synchronizer Node
exSat is designed to address the fundamental scalability and interoperability challenges facing Bitcoin. It incorporates a Data Availability (DA) Layer along with a Decentralized Indexer, enhancing Bitcoin’s data handling capabilities to advance scalability, security, and interoperability within its ecosystem. This setup allows for seamless integration of Bitcoin with various Layer 2 solutions, creating a robust platform for smart contracts and complex business logic applications.
Recently, exSat introduced SpiderPool as a validator and synchronizer node. With BitTrade now joining as the second validator, this enhancement is expected to fortify the company’s commitment to building a robust network in preparation for its upcoming launch.
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