ExSat is thrilled to announce a strategic alliance with HashKey Cloud, a Hong Kong-based Web3 infrastructure service provider that is recognized as a worldwide leader. As one of the first groups of validators on the mainnet upon launch, HashKey Cloud is set to join the testnet as a Data Validator.
Since 2018, HashKey Cloud has been the leading provider of global Web3 infrastructure services, specializing in offering customers all over the globe professional, dependable, and secure blockchain services. Their vast expertise includes more than 80 mainstream public chains, in addition to current ventures into Ethereum Layer 2 and Bitcoin Lightning Network technologies.
The Role of HashKey Cloud in Bitcoin Data Synchronization
HashKey Cloud will help with the initial synchronization of the first 840,000 Bitcoin blocks as part of the exSat initialization process. This will establish the fundamental consensus for the exSat Protocol. This important activity is essential for the exSat network’s initial synchronization and operational readiness. To properly launch network operations, this stage is crucial.
HashKey Cloud’s Vast Expertise
Node Validation Infra: Providing enterprise-grade solutions to over 80 mainstream public chains, HashKey Cloud is a global leader in blockchain node validation services.
STO Infra: HashKey Cloud offers infrastructure products and technology solutions that comply with STO technology. A group of qualified consultants assists customers in putting STO initiatives into action.
Layer 2: With the goal of promoting decentralization and the expansion of the cryptocurrency ecosystem, HashKey Cloud actively develops Ethereum Layer2 solutions, operate Sequencers, provides RPC services, and supports projects from testnet to mainnet.
ExSat, the revolutionary Docking Layer for Bitcoin, tackles the inherent scalability and interoperability issues of the cryptocurrency. ExSat improves BTC’s capabilities by adding a Data Availability Layer and a Decentralized Indexer, enabling scalable, secure, and interoperable applications.
Hybrid Consensus Mechanism
Through the use of a unique Data Consensus Extension Protocol that combines Proof of Stake (PoS) and Proof of Work (PoW), exSat guarantees a scalable and secure infrastructure that is essential for the development of the Bitcoin ecosystem.
Boosting the Bitcoin Ecosystem
A significant milestone has been reached with the addition of HashKey Cloud as a Data Validator. ExSat’s goal is to acquire over 10,000 staked BTC and secure over 51% of the BTC hashrate. This collaboration is expected to improve the whole Bitcoin ecosystem by strengthening the scalability solutions via the exSat Docking Layer, starting with HashKey Cloud’s testnet engagement. As a core member of the HashKey Group, HashKey Cloud will use exSat as one of its scalability options for the Bitcoin ecosystem and will be involved in the development of the exSat 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.
As we continue to unveil more validators joining exSat, we’ll be making more announcements soon. This is part of our ongoing effort to build a scalable and compatible Bitcoin ecosystem. Visit exsat.network to learn more.