The post HashKey Becomes Premier Data Validator After Teaming Up With Bitcoin Scaling Network exSat appeared on BitcoinEthereumNews.com.

Web3 infrastructure provider HashKey Cloud has partnered with exSat to become a Data Validator on the exSat testnet. The arrangement will also see HashKey Cloud maintain this role once the exSat mainnet goes live. exSat is developing a docking layer for scaling Bitcoin. With institutional adoption of BTC ramping up, exSat is on a mission to create the infrastructure that will allow a scalable Bitcoin ecosystem to flourish. HashKey Cloud will play a role in realizing this goal by providing the infra necessary to launch a robust and decentralized network that will support a host of use cases. Bringing Ethereum Capabilities to Bitcoin In the last two years, investment has poured into Bitcoin as developers have discovered new ways in which to leverage its unrivaled security and network effects. This has necessitated creating new protocols for hosting dapps and supporting smart contracts that overcome the limitations to Bitcoin’s base layer architecture. Bitcoin, of course, wasn’t designed to be a smart contract network, but where there’s a will there’s a way as innovative developers such as exSat are now demonstrating. Most of the innovation now occurring within the Bitcoin ecosystem is taking place on L2s that draw their security from the main chain and allow BTC to be bridged both ways. exSat, with the support of partners such as HashKey Cloud, is at the vanguard of this moment. Its primary goals include extending Bitcoin’s data consensus through a hybrid consensus mechanism that combines Proof of Work (PoW) and Proof of Stake (PoS). It’s also creating a decentralized state data indexing solution that will make it easier to operate smart contracts. Explaining the rationale behind onboarding HashKey Capital, exSat Founder Yves La Rose said: “Their unmatched expertise and dedication to regulatory excellence significantly bolster our mission to enhance Bitcoin’s scalability and interoperability.…

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Filed under: News - @ July 24, 2024 12:10 am