Key highlights:
exSat introduces testnet to improve Bitcoin’s scalability and interoperability.
Major validators and mining pools, including Bitget and SpiderPool, join exSat.
Supports advanced smart contracts, asset trading, and UTXO lending within the Bitcoin ecosystem.
exSat testnet introduction
At the Bitcoin 2024 conference in Nashville, exSat launched its groundbreaking testnet, aiming to address Bitcoin’s scalability and interoperability challenges. As a Docking Layer for Bitcoin, exSat quickly attracted prominent names from the crypto industry, including exchanges like Bitget, leading validator infrastructure providers such as Everstake, and top Bitcoin mining pools like SpiderPool.
Features and capabilities
The exSat testnet supports advanced smart contracts and business logic applications across various Layer 2 solutions. It generates a UTXO Index for efficient navigation and facilitates the issuance and trading of assets like Ordinals and Runes. Additionally, the platform offers UTXO lending and renting capabilities, enhancing its utility and flexibility within the Bitcoin ecosystem.
Leading validators and mining pools
exSat’s testnet is supported by a distinguished group of initial validators and mining pools like:
Bitget: A leading crypto exchange and wallet service provider, serving over 20 million users globally.
Everstake: A major player in the blockchain industry, supporting nearly 900,000 delegators across 80 networks.
SpiderPool: A top 10 global mining pool known for its robust Proof-of-Work operations.
Other validators and mining pools include: BitTrade, ChainUp, HashKey Cloud, InfStones and Treis Blockchain.
"These validators bring a combination of deep expertise and a unified commitment to building a scalable, secure Bitcoin ecosystem. Their diverse technological skills and visionary approaches are vital as we work together to expand Bitcoin's capabilities and improve its overall framework, ensuring a robust and efficient future for blockchain technology," -Yves La Rose, Founder of exSat
To ensure robust security, exSat has partnered with BlockSec. BlockSec uses its Phalcon platform to provide real-time threat detection and automatic response mechanisms, safeguarding the exSat network against potential security threats.
Plans for the future
As the testnet progresses, exSat plans to continuously optimize its platform and onboard additional validators. Entities meeting the staking requirements and demonstrating technical prowess are encouraged to join.
The testnet is now live, and you can track its progress on the exSat explorer.
exSat’s launch of its testnet at Bitcoin 2024 is a big step forward to improving Bitcoin’s scalability and interoperability. With support from their validators and mining pools, and a strong security framework, exSat plans to revolutionize the Bitcoin ecosystem.
Author
Aaron Watts
Aaron is passionate about technology and finance. Aaron first discovered blockchain technology in 2016. After learning about the transformative power of crypto, which he primarily credits to Alex Tapscott's Blockchain Revolution, he sought to expand his knowledge by becoming more intimately involved with the blockchain space. He joined CoinCodex in 2018 and has since been covering a variety of topics, ranging from Bitcoin and Ethereum to NFTs and the metaverse.