Blockchain infrastructure and service provider Everstake has confirmed that it has joined exSat’s network as a data validator. The move increases the number of major players that have committed to supporting exSat through its testnet and mainnet launch to realize its goal of scaling the Bitcoin ecosystem.
Everstake’s decision to operate a data validator node will help to move exSat closer to launching with the infrastructure support it needs to run a decentralized network that can deliver reliable data for developers building Bitcoin applications.
Bitcoin Gets a Docking Layer
Described as a docking layer for Bitcoin, exSat is on a mission to expand Bitcoin’s consensus, unlocking new use cases and applications in the process. The idea is to make it easier for smart contracts to be created that draw data from Bitcoin and other chains while being hosted on infrastructure that benefits from Bitcoin’s unrivaled security.
At the heart of exSat’s bold technical stack are two core products: a Data Availability Layer and a Decentralized Indexer. These components are designed to allow Bitcoin to be seamlessly integrated with various Layer 2 solutions. exSat will form a robust platform for hosting smart contracts and complex business logic applications.
One of the ways in which exSat aims to bypass Bitcoin’s limitations is via a Data Consensus Extension Protocol that combines Proof of Work (PoW) and Proof of Stake (PoS). It’s an attempt to have the best of both worlds: the security of Bitcoin’s consensus coupled with the speed and scalability that PoS can offer.
Everstake Gets Involved
exSat is incentivized to onboard a number of entities interested in running validator nodes, since this will strengthen its network and increase fault tolerance. It’s naturally selecting node operators based on their technical prowess and track record of successfully supporting blockchains in the past. Everstake perfectly fits the bill.
“I am especially thrilled to welcome Everstake as a validator for exSat,” enthused exSat Founder Yves La Rose. “Everstake’s Founder Sergey and I have known each other for years, working together closely and sharing numerous personal and professional experiences. His leadership and Everstake’s proven track record of near-perfect uptime and innovative solutions are unparalleled…Everstake’s involvement will significantly enhance our efforts to build a more scalable and interoperable Bitcoin ecosystem.”
Everstake specializes in institutional staking for networks such as Ethereum and Solana. It supports most of the leading PoS chains however and is blessed with a highly competent technical team with deep knowledge of the blockchain landscape. In partnering with exSat it will gain exposure to the growing Bitcoin ecosystem while helping to get the exSat mainnet off the ground.
exSat is on course to launch its mainnet later this year, but Everstake will be able to begin data validation duties immediately on the testnet. This will ensure a smooth transition when exSat launches, ushering in a new era for building scalable applications on Bitcoin.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
