$BTC #exSat
Satoshi Nakamoto first published the paper "Bitcoin: A Peer-to-Peer Electronic Cash System" in 2008, proposing the concept of Bitcoin as a decentralized, peer-to-peer electronic cash system. This system aims to allow users to make direct peer-to-peer transfers without going through intermediate financial institutions, thereby eliminating the need for trust in third parties.
However, despite the revolutionary nature of Bitcoin's concept, the BTC original chain does face some challenges in practical applications, especially in certain aspects of realizing Satoshi Nakamoto's original vision. For example, issues such as the scalability and transaction speed of the BTC original chain limit its widespread use and efficiency in practical applications.
In response to these issues, the exSat network has emerged. The exSat network aims to realize Satoshi Nakamoto's vision by expanding Bitcoin's utility and unlocking a new class of real-world applications. It combines a data consensus expansion protocol of Proof of Work (PoW) and Proof of Stake (PoS) to enhance data consensus, scalability, security, and interoperability within the BTC ecosystem.
The exSat network has made BTCFi possible through innovative methods such as creating a decentralized UTXO index for Bitcoin, while maintaining trust and security, and expanding the practicality of Bitcoin. This network has already achieved some significant milestones, such as the successful launch of its mainnet, and has a certain number of validators and synchronizers, ensuring unparalleled trust and security.
The solutions of the exSat network are making efforts towards realizing Satoshi Nakamoto's original vision, building a BTC peer-to-peer Alipay cash system.