Title: “Revolutionizing Staking: Eco-Friendly Bitcoin Protocol by Social Network”

by | Feb 21, 2024

Updated: February 21, 2024

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Article Summary

Summary

Social Network, the first Bitcoin Layer-2 staking protocol, has announced its technology partners and their contributions towards developing an eco-friendly staking protocol for the Proof-of-Work blockchain.

Introduction

Social Network has initiated an early testnet Bitcoin staking program through its Earth Wallet and is gearing up for a mainnet launch. The platform aims to release Earth Wallet as open-source software, supporting Ethereum Layer-2s, Ethereum mainnet, Bitcoin, and Social Network.

Main Points

Social Network has partnered with industry leaders such as Arbitrum and ChainSafe to leverage their expertise in L2 technologies. These partners are focused on utilizing ZK, MPC, and light-client technologies to connect Ethereum and Bitcoin blockchains seamlessly.

Conclusion

Additional technology partners like LaunchNodes, ThreeFold, BloXroute, Biconomy, and AltLayer are also contributing to Social Network’s mission of creating an eco-friendly Bitcoin staking protocol. The platform is inviting testnet bitcoin stakers to participate and earn points for the mainnet launch.



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