📢【A new chapter in the Bitcoin multiverse: exSat completes synchronization of 840,000 UTXO data】
Hello everyone! Today we are going to talk about the latest developments in the Bitcoin ecosystem. On October 2, exSat announced that it had completed the synchronization of 840,000 historical UTXO data on its mainnet. After more than 90 hours of data synchronization, it has commissioned a third party to conduct an audit to ensure the reliability of the data. This news undoubtedly laid a solid foundation for the construction of the Bitcoin multiverse.
First of all, what is UTXO? UTXO stands for Unspent Transaction Output, which is the basic unit of Bitcoin transactions. Through comprehensive analysis of BTC block data and on-chain indexing of UTXO data, exSat plans to unlock the huge potential of Bitcoin and bring the first interactive decentralized on-chain indexing service to the Bitcoin ecosystem.
Under the protection of the dual consensus mechanisms of PoW (Proof of Work) and PoS (Proof of Stake), exSat will continue to synchronize on-chain UTXO data in real time and store it in RAM. This technological innovation not only improves the real-time and reliability of data, but also brings more possibilities to the Bitcoin ecosystem. For example, the new and efficient trustless BTC Lightning Network protocol, the more secure decentralized BTC asset custody protocol, and the powerful on-chain BTC asset issuance and interoperability protocol.
The completion of the synchronization of 840,000 UTXO data is a key step in exSat's expansion of Bitcoin's vision and an important milestone in the development of the Bitcoin ecosystem. Next, exSat will launch a community incentive event called Pioneer before the mainnet launch. This event is not only a thank you to the community members, but also an expectation for more innovative applications in the future.
In general, this move by exSat has injected new vitality into the Bitcoin ecosystem. Although we are neutral about the market, we have to say that this progress is indeed exciting. What new breakthroughs and innovative applications will the Bitcoin ecosystem have in the future? Let's wait and see!
Dear friends, what do you think of the progress of exSat this time? What impact do you think this will have on the Bitcoin ecosystem? Welcome to share your views and insights in the comment area and discuss together!🎉
Looking forward to your lively discussions!