Why exSat is the Nuclear Fusion Engine for BTC?
The price of $BTC is expected to at least triple in this bull market, potentially surpassing Microsoft’s $3.1 trillion market cap to become the highest-valued single asset globally. Furthermore, BTC has about 1000 times more potential with over $300 billion in TVL, fueling the rapid growth of BTC L2. The exSat project sees this immense opportunity and holds even greater ambition and vision!
This article will explain: Why exSat is the Nuclear Fusion Engine for Bitcoin?
Contents:
- 1. The Birth of exSat
1.1 Background
1.2 Future Prospects
1.3 Technology - 2. 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 Direct Beneficiaries of exSat
3.2 Ecosystem Beneficiaries of exSat
3.3 exSat’s Unique Brilliance
1. The Birth of exSat
1.1 Background: BTC Market Cap Poised to be Global #1 + $300 Billion Ecosystem; ETH L2 Needs to Connect Isolated Islands
1) BTC Market Cap and L2 Potential are Huge. Currently, BTC’s market cap is $1.3 trillion, surpassing Facebook, ranking 7th globally. With the upcoming fourth halving and the issuance of the Hong Kong ETF, BTC’s market cap in the upcoming bull market is expected to surpass Microsoft’s $3.1 trillion, becoming the highest-valued single asset globally.
Moreover, due to BTC’s scalability limitations, its current TVL is only 0.3% of that on ETH. Considering BTC’s market cap is three times that of ETH, the potential BTC L2 market is estimated to be 1000 times larger, amounting to a $300 billion+ ecosystem, as shown below. This is one reason for the viral explosion of the BTC L2 market.
2) Vitalik: ETH L2 Needs to Connect Isolated Islands. Ethereum co-founder Vitalik Buterin stated on May 21 in a post on X 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.”
1.2 Future Prospects: Breaking BTC Limits, Unleashing Nuclear Power!
The legal restrictions on BTC are gradually being lifted, with more countries legally accepting it (as shown below). Over the past 15 years, BTC’s value has evolved multidimensionally, and its potential financial application market is enormous. BTC ATMs alone are spread across 70 countries with over 37,000 machines, including 171 in the booming market of Hong Kong.
However, BTC’s inherent limitations such as smart contracts, Trustless cross-chain, high transaction fees, network congestion, and confirmation delays have always restricted BTC’s scalability. In the current trend of viral BTC L2 project explosions, exSat has emerged and taken a different path. exSat aims not only to break through BTC’s limitations but also to exceed BTC’s potential, becoming a Docking layer for BTC scalability, connecting isolated islands, and creating a more interconnected, efficient, and multifunctional blockchain ecosystem. By providing decentralized data indexing + BTC Trustless cross-chain, standardizing the integration of most BTC L2s, and supporting technologies like EVM, Antelope, and ZK, exSat maximizes the possibilities, security, and stability of expanding the BTC ecosystem, fully unleashing BTC’s vast nuclear power! (See exSat Whitepaper for details)
1.3 Technology: PoW+PoS Consensus Securely “Mirrors” BTC to RAM, Trust Only Yourself!
1) Fast, Original “Mirrors” BTC to RAM. exSat uses a hybrid consensus mechanism combining Bitcoin’s Proof of Work (PoW) and Proof of Stake (PoS) (see figure below). It leverages decentralized EOS RAM for data availability (DA) and creates a decentralized state data indexing system (Decentralization Indexing), providing BTC with a secure, transparent, high-performance scalable foundation. Simply put, it “mirrors” BTC’s original data onto the exSat network, using EOS RAM for decentralized high-speed storage, and allows BTC assets to Trustlessly cross-chain to the exSat network. exSat, compatible with EVM, enables BTC to directly run complex DAPPs.
2) Security, BTC users only need to trust themselves. Solving the trust issue is the core underlying logic of exSat’s design. According to exSat, validators are required to stake at least 100 BTC. The more BTC staked, the more XSAT tokens are rewarded. This “zero-cost BTC staking” provides additional income for miners/pools while promoting the prosperity and value enhancement of the BTC ecosystem. It is reasonably estimated that about 10–20% of the mainnet BTC can be incentivized to stake.
Therefore, the security of the exSat network is essentially in the hands of the original BTC holders themselves, achieving the same level of security and trust as BTC. In other words, trusting exSat is equivalent to trusting BTC, only needing to believe in yourself.
2. Unique Advantages of exSat
Claiming exSat as the master extension layer for BTC is not an exaggeration. Below, we compare exSat with other established projects from three perspectives: Data Availability Layer (DA Layer) and Decentralized Indexing, Extension Layer (L2), and Cross-Chain Bridges. This will provide readers with a clearer picture of exSat’s powerful design and capabilities.
2.1 Comparison with 4 Data Layers: The Graph, Covalent, Dune Analytics, B² Network
In terms of Data Availability Layer, the table below highlights three unique advantages of exSat:
1) Supports Decentralized Indexing: Unlike Covalent and Dune Analytics, exSat truly achieves a decentralized Data Availability Layer (DA Layer) and decentralized indexing.
2) Supports Multiple Chains, More Decentralized, More Secure: Compared to The Graph and B² Network, which also support decentralized indexing, exSat is compatible with multiple chains, including BTC and EVM. This makes it excel in smart contracts, DeFi, and L2 extension applications, achieving higher decentralization. Additionally, the requirement to stake BTC enhances the security of the exSat network.
3) Supports DApps and 1-Second Transactions: The hybrid consensus mechanism (PoW+PoS) ensures exSat’s high security and decentralization, directly supporting smart contracts and completing transactions within one second.
2.2 Comparison with 4 L2 Projects: Lightning Network, Optimistic Rollups, Merlin, Polygon
In terms of L2, the table below highlights three unique advantages of exSat:
1) Supports More Layer 2 Extensions: Compared to these 4 L2 projects, exSat is the only one that supports more L2 extensions and decentralized indexing. Strictly speaking, exSat is a more advanced Layer 1.5. The EVM compatible with the exSat network is BTC’s Layer 2. Additionally, it supports more L2 networks through ZK, Antelope side chains, and other technologies, enhancing security with BTC + XSAT dual token staking. This is a powerful feature and security that recent emerging BTC L2 projects like Merlin do not possess.
2) Fast Transaction Speed: Compared to these 4 L2 projects, exSat’s 1-second transaction speed is unmatched, corresponding to 950+ TPS. This gives exSat an absolute advantage in smart contracts, inscriptions, NFTs, and more. The Lightning Network’s inability to support smart contracts is a significant shortcoming.
3) Privacy Protocol Support: In terms of privacy protocol support, only Polygon and exSat support it. However, Polygon does not support BTC, making exSat’s relative advantage overwhelming.
2.3 Comparison with 5 Cross-Chain Bridges: WBTC, Rune, Avalanche Bridge, Wormhole, Polkadot
In terms of cross-chain bridges, the table below highlights three unique advantages of exSat:
1) More Secure and Decentralized: exSat uses a hybrid consensus mechanism with multiple PoW nodes + 21 PoS nodes, featuring built-in oracle functionality, eliminating the need for third parties like Chainlink. exSat can obtain original UTXO block data from BTC miners and mining pools, along with a significant amount of BTC staking, ensuring high decentralization and security, better defending against potential attacks and network risks. In contrast, Wrapped Bitcoin, with 160,000 BTC locked, is centralized, while Rune and Avalanche Bridge have relatively fewer decentralized nodes.
2) Faster Transaction Speed: Compared to these 5 cross-chain bridge projects, exSat’s 1-second transaction speed is unmatched, along with very low Gas fees, giving exSat an absolute advantage in quick payments, ATM withdrawals, DeFi transactions, and more.
3) Potentially the Largest Trustless Cross-Chain Bridge with Locked BTC Exceeding One Million: Compared to these 5 cross-chain bridge projects, exSat’s 950+ TPS, and support for smart contracts and decentralized indexing make it likely to become the largest BTC extension layer, potentially aggregating up to one million BTC assets, making it the cross-chain bridge project with the highest lock-in volume and security.
Summary
exSat not only integrates powerful functionalities such as a data availability layer, decentralized indexing, L2 support, cross-chain bridges, and oracle functions but also offers unique advantages. If the above projects are likened to individual businesses, exSat is akin to platforms like Taobao or Amazon. It is the comprehensive extension layer for BTC, the docking layer for the BTC ecosystem, and the Linux operating system of BTC, supporting the infinite potential for BTC applications!
3. exSat’s Value Output
3.1 Direct Beneficiaries of exSat
1) BTC Users: BTC miners or mining pools can participate as exSat synchronization nodes at “0 cost” and receive 10%-50% XSAT tokens as rewards, which represents a considerable excess profit. Participating in BTC staking to become a validator node can earn an additional 50% XSAT tokens. Notably, SpiderPool, a well-known Top10 BTC mining pool, has become an exSat partner.
BTC holders can trustlessly cross-chain to the exSat network, enjoying low gas fees, 1-second transactions, 950+ TPS, DeFi, DApps, and other services that are not available on the BTC mainnet, while maintaining the same security, stability, and decentralization.
2) RAM Value: Currently, BTC full node data has reached 567 GB, but synchronizing the necessary data (such as block headers, transaction data, and UTXO sets) also requires 106 GB at least. Compared to Ethereum’s GAS fee model and Solana’s single resource model, only the independent RAM resource model on EOS, with a total capacity of 390GB, provides a perfect and mature solution for decentralized indexing. This model achieves a flexible, efficient, fast, and low-cost BTC data availability layer. The perfect combination of RAM and the BTC mainnet gives rise to exSat, which will also enhance the market value of RAM.
3.2 exSat’s Beneficial Ecosystem
1) BTC Ecosystem Explosion: exSat provides a trustless cross-chain for the world’s highest market cap BTC, perfectly supports Antelope sidechains, ZK, and other functionalities, and integrates EVM as a Layer 1.5 solution. This excellent design can encourage developers familiar with EVM to rapidly promote an explosion of BTC ecosystem applications such as DeFi, GameFi, NFT, inscriptions, payments, and PRC endpoints.
2) BTC L2 Projects: Solving the issues of BTC L2 fragmentation and poor interoperability is one of the core purposes of exSat’s inception. exSat supports decentralized data indexing and enhances transaction privacy and security, enabling and simplifying the creation of more unique and customized BTC L2 projects, fostering a nuclear explosion of BTC L2.
Additionally, mature BTC L2 projects like Lightning Network and Stacks can still leverage exSat’s efficient data indexing and cross-chain interoperability to optimize functionalities and improve user experience in cross-chain interactions and data management.
3.3 exSat’s Unique Brilliance
1) A Blessing for Full-Chain Developers: Clearly, exSat’s ambition goes beyond the above content, envisioning “Intent-Centric Omnichain DApps.” Thus, full-chain developers can leverage exSat’s “docking layer,” “modularity,” and “omnichain” advantages to easily develop high-transparency, low-latency, and customized BTC services and solutions that are intent-driven.
2) Paradise for Web3 Users: Users only need one exSat wallet to enjoy almost all blockchain services based on their intents, including purchasing BTC, trading ETH, paying with USN, participating in Uniswap, minting NFTs, and more. This represents the inevitable trend of Web3, the metaverse, and future blockchain, providing a user experience more friendly and seamless than Web2 shopping platforms like Taobao and Amazon. Currently, only a comprehensive platform like exSat can achieve this potential!
Conclusion:
BTC, launched on January 3, 2009, has consistently reached new heights in value over 15 years with global recognition. EOS, launched with superior technology on June 1, 2018, has been running steadily for 6 years without any downtime. By integrating the exSat (Extend Satoshi) network, these two will form the comprehensive extension layer for BTC, becoming a new starting point for Intent-Centric Omnichain DApps!
Believe in yourself, the vast nuclear energy of BTC is about to be unleashed on RAM by the activation of the exSat engine.
The future is here; let’s witness it together!
