Search Extension

API/RSS

Social

Why is exSat called the giant energy engine of BTC nuclear fusion?

24-05-31 13:01

Read this article in 28 Minutes

AI summary

View the summary

BTC price is expected to at least triple in this bull market, and is expected to surpass the $3.1 trillion of Microsoft, the world's largest company by market value, to become the world's largest single market value project. Not only that, the TVL market space of $300 billion+, about 1,000 times higher than BTC, has made the current BTC L2 grow wildly! The exSat project also saw this huge opportunity, but exSat obviously has greater ambitions and vision!

This article will explain: Why is exSat the giant energy engine of BTC nuclear fusion?

1. The birth of exSat

1.1 Background: BTC market value is expected to be the world's first, + $300 billion ecosystem; ETH L2 needs to connect isolated islands
1.2 Prospects: Break through the limits of BTC and detonate atomic energy!
1.3 Technology: PoW+PoS consensus security "mirror" BTC to RAM, only believe in yourself!

2. The unique advantages of exSat

2.1 Comparison with 4 data layers
2.2 Comparison with 4 L2 projects
2.3 Comparison with 5 cross-chain bridges

3. Value output of exSat

3.1 The most direct beneficiary of exSat
3.2 The beneficial ecosystem of exSat
3.3 The unique leadership of exSat

1. The birth of exSat

1.1 Background: BTC market value is expected to be the world's first, +$300 billion ecosystem; ETH L2 needs to connect isolated islands

1) BTC market value and L2 have huge potential. At present, BTC's market value is $1.3 trillion, surpassing Facebook and ranking 7th in the world. With the fourth halving and the issuance of Hong Kong ETF, Bitcoin's market value is expected to surpass Microsoft's $3.1 trillion in the upcoming bull market, becoming the world's largest single project.

The world's largest companies (Source: Tradingview)

Moreover, BTC is limited by scalability, and the current TVL of BTC is only 0.3% of that of ETH. Considering that the market value of BTC is 3 times that of ETH, it is estimated that the BTC L2 market still has 1,000 times, $300 billion+ ecological market space, as shown in the following table. This is one of the reasons for the viral outbreak of BTC L2.

2) Vitalik: ETH L2 needs to connect isolated islands. Ethereum co-founder Vitalik Buterin posted on X on May 21 that "We need an open, decentralized protocol for quickly transferring assets from one L2 to another and integrating it into the wallet's default sending interface." Screenshot source: Twitter 1.2 Prospects: Breaking through BTC limits and detonating atomic energy BTC The legal restrictions on Bitcoin have been gradually relaxed, and it has been legally accepted by more and more countries (see the figure below). Its value has also changed in multiple dimensions over the past 15 years, and its potential financial application market is huge. BTC ATMs alone are spanning 70 countries, with over 37,000 devices, of which 171 ATMs are currently in Hong Kong.

Legality of Bitcoin in Various Countries or Regions (Source: Wikipedia)

However, BTC's inherent limitations, such as smart contracts, Trustless cross-chain, high transaction fees, network congestion, and confirmation delays, have always limited BTC's scalability. With the viral outbreak of BTC L2 projects, exSat came into being and took a different approach. exSat not only aims to break through the limitations of BTC, but also to break through the limits of BTC, become the docking layer of BTC's scalability, connect isolated islands, and create a more interconnected, efficient, and versatile blockchain ecosystem. By providing decentralized data indexing + BTC Trustless cross-chain, standardizing and integrating most of BTC L2, and supporting EVM, Antelope, ZK and other technologies, it provides the greatest possibility, security, and stability for expanding the BTC ecosystem, and completely detonates the massive atomic energy of BTC! (See exSat White Paper for details)

BTC L2 Solution (Source: Twitter)

1.3 Technology: PoW+PoS consensus secure "mirror" BTC to RAM, only trust yourself!

1) Fast, original "mirror" BTC to RAM. exSat uses a hybrid consensus mechanism that combines Bitcoin's Proof of Work (PoW) and Proof of Stake (PoS) (see the figure below), uses decentralized EOS RAM to provide data availability (DA), and creates a decentralized state data indexing system (Decentralization Indexing), thereby providing a secure, transparent, high-performance and scalable foundation for BTC. In simple terms, it allows BTC's original data to be "mirrored" to the exSat network, uses EOS RAM for decentralized high-speed storage, and allows BTC assets to be Trustless cross-chain to the exSat network. Because exSat is compatible with EVM, it creates conditions for BTC to directly run complex DAPPs.

exSat's PoW+PoS hybrid consensus mechanism (Source: exSat White Paper)

2) Security, BTC users only need to trust themselves. Solving the trust problem is the core underlying logic of the exsat designer. According to exSat's requirement for validators, at least 100 BTC must be staked. The more BTC staked, the more XSAT token incentives will be obtained. For this kind of miners/mining pools, "zero-cost staking of BTC" can obtain additional income, while promoting the prosperity of the BTC ecosystem and the incentive mechanism of value enhancement. It is reasonably expected that 10%-20% of the main network BTC stakes can be incentivized.

Therefore, the security of the exSat network is essentially in the hands of the original BTC holders "themselves", achieving the same security and trust of exSat and BTC. In other words, trusting exSat is trusting BTC, and you only need to trust yourself.

exSat network components (Source: exSat White Paper)

2. ExSat’s unique advantages

It is not an exaggeration to say that exSat is the epitome of BTC’s extension layer. The following is a comparison with mature projects on the market from three perspectives: data availability layer (DA Layer) and decentralized index, extension layer - L2, cross-chain bridge, to provide readers with a clearer portrait of exSat, so as to understand the powerful design and strength of exSat.

2.1 Comparison with 4 data layers: The graph, Covalent, Dune Analytics, B² Network

As far as the data availability layer is concerned, the following table shows the three unique advantages of exSat:

1) Support decentralized indexing: Compared with Covalent and Dune Analytics, exSat truly realizes the decentralized data availability layer (DA Layer) and decentralized indexing.

2) Support multi-chain, more decentralized, and more secure: Compared with The Graph and B² Network, which both support decentralized indexing, exSat is also compatible with multiple chains, including BTC and EVM, making it perform well in smart contracts, DeFi, and L2 extended applications, and achieving higher decentralization; at the same time, the requirement to pledge BTC also makes the exSat network more secure.

3) Support DAPP and 1-second transactions: The hybrid consensus mechanism (PoW+PoS) ensures the high security and decentralization of exSat, directly supports smart contracts, and can complete transactions within 1 second.

2.2 Comparison with 4 L2 projects: Lightning Network, Optimistic Rollups, Merlin, Polygon

As far as L2 is concerned, the following table shows the 3 advantages of exSat:

1) Support more Layer 2 extension layers: Compared with these 4 L2 projects, exSat is the only project that supports more L2 extension layers and decentralized indexing. Because strictly speaking, exSat is a more advanced layer 1.5, and the EVM compatible with the exSat network is the second layer of BTC. It also supports more L2 networks through more channels such as ZK and Antelope sidechains, and uses BTC+XSAT dual token staking to enhance security. This is also a powerful function and security that the recently emerging BTC L2 project, Merlin, does not have.

2) Fast transaction speed: Compared with these four L2 projects, exSat's 1-second transaction speed is also a complete victory, which also corresponds to 950+ SPS (Swaps Per Second), giving exSat an absolute advantage in smart contracts, inscriptions, NFTs, etc. The Lightning Network has become a huge shortcoming because it does not support smart contracts.

3) Privacy protocol support: In terms of privacy protocol support, only Polygon and exSat support it, but Polygon cannot support BTC, which is an overwhelming relative advantage of exSat.

2.3 Comparison with 5 cross-chain bridges: WBTC, Rune, Avalanche Bridge, Wormhole, Polkadot

As far as cross-chain bridges are concerned, the following table shows the three unique advantages of exSat:

1) More secure and decentralized: A hybrid consensus mechanism of multiple PoW nodes + 21 PoS nodes, with built-in oracle function, without relying on third parties such as Chainlink, exSat can obtain original UTXO block data provided by BTC miners and mining pools, as well as a large amount of BTC pledges, ensuring a high degree of decentralization and security, and better resistance to potential attacks and network risks. In contrast, Wrapped Bitcoin, which has a locked amount of 160,000 BTC, is centrally managed, and the number of decentralized nodes of Rune and Avalanche Bridge is relatively small.

2) Fast transaction speed: Compared with these 5 cross-chain bridge projects, exSat's 1-second transaction speed is also a complete victory, and the extremely low gas fee cost gives exSat an absolute advantage in quick payment, ATM withdrawal, Defi transactions, etc.

3) The largest Trustless cross-chain bridge expected to lock up to one million BTC: Compared with these 5 cross-chain bridge projects, exSat's 950+SPS, as well as support for smart contracts and decentralized indexes, make exSat likely to become the largest BTC expansion layer, and thus may gather up to one million BTC assets, and is expected to become the Trustless cross-chain bridge project with the highest locked volume and the safest.

To summarize, exSat not only integrates powerful functions such as available data layer, decentralized index, L2 support, cross-chain bridge, oracle, etc., but also has unique advantages. If the above projects are compared to merchants, then exSat is like Taobao, Amazon, so it is the integrator of BTC extension layer, the docking layer of BTC ecosystem, and BTC's Linux operating system, supporting the unlimited possibilities of expanding BTC applications!

3. Value output of exSat

3.1 The most direct beneficiaries of exSat

1) BTC users: BTC miners or mining pools can participate in exSat synchronization nodes at "zero cost" and receive 10%~50% of XSAT tokens as rewards, which is a considerable excess return. Participating in BTC staking to become a verification node can also receive an additional 50% of XSAT tokens. Top10 well-known BTC mining pool SpiderPool has become an exSat partner.

BTC holders can Trustless cross-chain to the exSat network and enjoy services that are not available on the BTC main network, such as low Gas, 1-second transactions, 950+SPS, Defi, DAPP, etc., with the same security, stability and decentralization.

exSat and SpiderPool cooperate to enhance the scalability of Bitcoin (Source: exSat Medium)

2) RAM value: Currently, the BTC full node data has reached 567G, but synchronizing necessary data (such as block headers, transaction data, and UTXO sets) also requires at least 567G. href="https://x.com/BigBeardSamurai/status/1793327293592379428" target="">106G. Compared with ETH's GAS fee model and Solana's single resource model, only the independent 390G RAM resource model on EOS provides a perfect and mature solution for decentralized indexing, and realizes a flexible, efficient, fast and low-cost BTC data availability layer. The perfect combination of RAM and BTC mainnet to produce exSat will also greatly increase the market value of RAM.

EOS RAM provides a perfect and mature solution for decentralized indexing (Image source: ENF Twitter)

3.2 exSat's beneficial ecosystem

1) BTC ecosystem explosion. Because exSat provides the Trustless cross-chain of BTC, which has the highest single market value in the world, and perfectly supports Antelope sidechain, ZK and other functions. As the 1.5 layer of BTC, it also integrates EVM. Such an excellent design can encourage a large number of developers who are familiar with EVM, and quickly promote the BTC ecosystem to explode with a large number of smart contracts such as Defi, Gamefi, NFT, inscriptions, and payments, as well as PRC endpoint empowerment.

exSat establishes an on-chain structured data index by synchronizing BTC's UTXO (Source: exSat White Paper)

2) BTC L2 project. Solving the problems of BTC L2's independent fragmentation and poor interoperability is one of the significances of the birth of exSat. exSat supports decentralized data indexing and enhances transaction privacy and security. It can support and simplify the birth of more unique and customized BTC L2 projects and promote the nuclear fusion of BTC L2.

In addition, the more mature BTC L2 such as Lightning Network, Stacks, etc. can still use exSat's efficient data indexing and cross-chain interoperability to optimize functions and improve user experience in cross-chain interaction, data management, etc.

exSat provides modular blockchain solutions (Source: exSat White Paper)

3.3 exSat's unique leadership

1) Good news for full-chain developers. It is obvious that exSat's ambition is not limited to the above, and its vision is to "enable intent-centric full-chain DAPP." Therefore, full-chain developers can take advantage of exSat's "docking layer", "modularization", and "full-chain" advantages to easily develop user-intention-oriented, highly transparent, low-latency, and customized BTC services and solutions.

exSat's Vision (Source: exSat White Paper)

2) Paradise for Web3 users. With only one exSat wallet, users can enjoy almost all blockchain services according to their own intentions, including buying BTC, trading ETH, paying USN, participating in Uniswap, minting NFT, etc. This is the inevitable trend of Web3, the metaverse, and future blockchains, and enjoy a more friendly and smooth user experience than Web2 shopping platforms such as Taobao and Amazon. Currently, only exSat, the master of all trades, has this possibility!

Intent-centered full-chain DAPP concept map

Summary

It has been 15 years since Bitcoin was first launched on January 3, 2009, and its value has continued to reach new highs, attracting global attention; EOS has been launched on June 1, 2018 with outstanding leading technology and has been running stably for 6 years, with no downtime. The two will be linked together by the exSat (Extend Satoshi) network to create the epitome of BTC's scalability layer and become a new starting point for intent-centered full-chain DApps!

Believe in yourself, BTC's huge nuclear energy will soon explode on RAM due to the startup of the exSat engine. The future is here, wait and see!