exSat: Bitcoin's "water plant" is about to start flowing, so get on board!
Recently, the exSat network has made a big move: starting from October 23, 2024, they will synchronize all the UTXO (unspent transaction output) data of the Bitcoin mainnet from block height 840,000 to the chain, and it will be done soon! This is the first on-chain UTXO service layer in the Bitcoin ecosystem. The exSat team proudly said: "Bitcoin is not short of value, but it lacks a pipeline for value to flow." Now, this "water pipe" is about to be connected, and Bitcoin will change from a rigid "brick" to a "living water" that can flow everywhere!
Why is this awesome?
UTXO is the lifeblood of Bitcoin transactions, recording where the unspent coins are. exSat makes this data clear and stores it in the on-chain database, just like installing a "total water meter" for Bitcoin. In the future, if developers want to develop BTC financial applications (BTCFi) or digital banks, they can directly connect to exSat's water pipes without having to move bricks and dig ditches themselves. This efficiency is rising rapidly, which is simply a blessing for lazy people and a technological revolution!
What are you going to do soon?
I heard that exSat will completely synchronize UTXO data in the next few days and then start the "data water plant" service layer. Not only that, they are also preparing to release White Paper 2.0, focusing on the new story of "BTC digital bank" to pull traditional banks into the pit of Bitcoin. This is the rhythm of turning Bitcoin from a "coin hoarding artifact" into a "coin spending tool"!
How can you keep up?
Ordinary people: Don't sleep, keep an eye on exSat's dynamics. Once the synchronization is completed, new gameplay may emerge, such as lower transfer fees and more enjoyable financial management. Hurry up and find a reliable wallet to wait for water.
Developers: Go to the exSat official website to look through the API documents. Once the UTXO data is open, write a tracking tool or transaction plug-in and get work done in minutes.
Investors: Once this "water pipe" is unblocked, XSAT tokens may take off. Look for the right time, study the foundation of the project, and it's not too much to ambush.
Summary
exSat is about to synchronize Bitcoin UTXO data, which is equivalent to giving Bitcoin wings with water pipes. Once the white paper 2.0 is released, the dream of digital banking will become a reality. This wave is not only a technical upgrade, but also a prelude to the explosion of the Bitcoin ecosystem. If you want to play, follow up quickly, don't wait until the water flows all over the ground before you think of scooping!
