Singapore, Singapore, July 23rd, 2024, Chainwire
exSat is pleased to announce a strategic partnership with HashKey Cloud, recognized as a globally leading Web3 infrastructure service provider in Hong Kong. HashKey Cloud will join the testnet as Data Validator and is poised to be among the first group of validators on mainnet at launch.
About HashKey Cloud
Since 2018, HashKey Cloud has been a leading provider of global Web3 infrastructure services, focusing on delivering professional, stable, and secure blockchain services to clients worldwide. Their extensive experience spans over 80 mainstream public chains, alongside ongoing ventures into Ethereum Layer2 and Bitcoin Lightning Network technologies.
HashKey Cloud’s Role in Bitcoin Data Synchronization
As part of the exSat initialization process, HashKey Cloud will assist with the initial synchronization of the first 840,000 Bitcoin blocks to build the basic consensus for exSat’s Protocol. This crucial task is pivotal for the initial synchronization and operational readiness of the exSat network. This step is essential to kickstart network operations effectively.
HashKey Cloud’s Broad Expertise
Node Validation Infra: HashKey Cloud is a world leader in blockchain node validation services, supporting more than 80 mainstream public chains with enterprise-grade solutions.
STO Infra: HashKey Cloud provides compliant STO technology solutions and infrastructure products, with a team of professional consultants to help clients implement STO projects.
Layer2：HashKey Cloud actively develop Ethereum Layer2 solutions, operate Sequencers, offer RPC services, and support projects from testnet to mainnet, aiming to boost decentralization and the crypto ecosystem’s growth.
About exSat
exSat, the groundbreaking Docking Layer for Bitcoin, addresses the inherent scalability and interoperability challenges of Bitcoin. By introducing a Data Availability Layer and a Decentralized Indexer, exSat enhances BTC’s capabilities, supporting scalable, secure, and interoperable applications.
Hybrid Consensus Mechanism
Employing a unique Data Consensus Extension Protocol that blends Proof of Work (PoW) and Proof of Stake (PoS), exSat ensures a secure and scalable infrastructure, critical for advancing the Bitcoin ecosystem.
Enhancing the Bitcoin Ecosystem
The addition of HashKey Cloud as a Data Validator pivotal, marking a key milestone as exSat aims to secure over 51% of the BTC hashrate and accumulate more than 10,000 staked BTC. This partnership, beginning with HashKey Cloud’s involvement on the testnet, is set to strengthen the scaling solutions through the exSat Docking Layer, enhancing the entire Bitcoin ecosystem. As a core member of the HashKey Group, HashKey Cloud will be participating in exSat’s ecosystem development and will be using exSat as one of their scaling solutions for the Bitcoin ecosystem.
“Partnering with HashKey Cloud marks a pivotal advancement for exSat. Their unmatched expertise and dedication to regulatory excellence significantly bolster our mission to enhance Bitcoin’s scalability and interoperability. This collaboration not only fortifies our network but also sets a new benchmark for innovation and security in the Bitcoin ecosystem,” said Yves La Rose, Founder of exSat.
Stay tuned for more announcements as we continue to reveal additional validators joining exSat, reinforcing our commitment to creating a scalable and interoperable Bitcoin ecosystem. For more information, visit exsat.network.
Contact
CMO
Tristan Dickinson
exSat
[email protected]
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