Enhancing the Bitcoin Ecosystem with Smart Contract Features
Support EVM compatibility
With full EVM compatibility, exSat opens the platform to the wider developer community. This compatibility allows the development of a variety of smart contracts, significantly extending the utility and functionality of the exSat platform.
AA account general gas fee support
Through EVM compatibility and account abstraction, universal gas fees can be supported across a variety of assets such as BTC, Ordinals, and other Bitcoin ecosystem assets. Gas can also be paid for others, providing convenience to developers and users.
Deposit and withdraw
Validators manage a multi-signature (MSIG) escrow account on the Bitcoin network using the Threshold Signature Scheme (TSS). This account handles deposit/withdrawal operations.
Deposits are made by transferring funds into an escrow account. When exSat imports raw Bitcoin blocks into the system, deposit transactions can be detected and processed accordingly.
Withdrawal requests should be sent to the exSat smart contract. The smart contract will validate the request in the exSat smart contract and generate a Bitcoin transaction accordingly. Validators operating MSIG escrow accounts will sign transactions and forward them to the Bitcoin network.