A new protocol within the EOS ecosystem has emerged to enhance the scalability and interoperability of Bitcoin and bridge the gap between the world’s most popular cryptocurrency and the emerging Layer-2 scaling solutions that aim to make it more useful.
The new initiative is calling itself exSat, which positions itself as a kind of Docking Layer for Bitcoin. In a blog post, the team behind exSat explained that it’s composed of various protocols and mechanisms that serve to extend the Bitcoin data consensus layer and enhance its interoperability and scalability while retaining its strong security. It’s uniquely able to facilitate direct queries of BTC and ecosystem token balances to support the seamless flow of assets between Bitcoin’s native chain and various L2s.
Bitcoin’s Scaling Barriers
exSat explains that Bitcoin’s legacy architecture is unable to scale and support smart contracts, leading to a dependency on trusted intermediaries and other off-chain s
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