$BTC #exSat

「Docking Layer」 Innovation, what is exSat?

The Bitcoin ecosystem is currently undergoing a paradigm shift, gradually expanding from purely financial assets to various DApps. However, the unique mechanism of Bitcoin slows down its ecosystem development. With the halving event, the business development costs in the Bitcoin ecosystem are also rising, forcing miners to upgrade infrastructure and seek additional income.

As mentioned earlier, there are currently countless Layer2 solutions in the Bitcoin ecosystem ready to make significant moves, but they will face the same issues as Ethereum. The launch of exSat is precisely to address these challenges and propose the Docking Layer solution. This new term may sound hard to understand at first, but simply put, exSat will play an intermediary role between the Bitcoin mainnet and various Layer2 solutions.

The emergence of such a solution is partly due to the poor earnings of miners and partly because the various Bitcoin L2 solutions have not achieved the desired results.

One of the founders of exSat, Yves La Rose, stated in an interview that “most so-called L2 solutions are not truly second layers, because if they fail, the Bitcoin mainnet will not be affected at all, only the assets on their own networks will be impacted.” The lack of transparency in data profoundly affects the progress of the Bitcoin ecosystem. The mechanism design of exSat allows BTC miners to directly submit raw Bitcoin data to the network and receive rewards through token issuance. In this way, while addressing the issues troubling the BTC L2 ecosystem, exSat has also found a way to help Bitcoin miners regain profitability.

To achieve these goals, exSat is launching several technological innovations aimed at simplifying the development of new L2 solutions and providing existing L2s with the necessary tools to promote closer collaboration within the ecosystem.