exSat Network (XSAT) hotly anticipated mainnet kicks off with $270 million in total value locked (TVL)
Bitcoin-based exSat Network announces the full-fledged release of its mainnet operations. Backed by a number of industry heavyweights, the solution is focused on making Bitcoin's DeFi accessible, beneficial and inclusive for the next generation of users., a novel scaling protocol for the largest blockchain, Bitcoin , launched the operations of its mainnet. In its first 24 hours upon launch, its TVL jumped to $270 million in equivalent.
Also, exSat Network is backed bya broad ecosystem of synchronizers, including Antpool, Spiderpool, viaBTC and F2Pool tasked with sycnronization of Bitcoin’s UTXO data. In total, exSat Network synchronizing nodes represent 60% of the active BTC hashrate.Besides operations onset, an XSAT token generation event took place. XSAT serves as the dominant governance and utility token for the network, combining the robust security of proof of work with the flexible functionality of proof of stake .
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