In a groundbreaking move for the cryptocurrency industry, Social Network, the pioneering Bitcoin Layer-2 staking protocol, has announced an impressive lineup of tech partnerships aimed at revolutionizing the Proof-of-Work blockchain. As the digital world watches, Social Network is carving a path toward an environmentally sustainable future for Bitcoin staking, highlighting the significant roles each partner will play in this ambitious project.
The recent launch of Social Network’s testnet for Bitcoin Staking marks a significant milestone in the staking innovation. Alongside this, the early deployment of its BTC staking rewards program through the Earth Wallet testifies to the platform’s commitment to user benefits and environmental sustainability. Earth Wallet is not just any wallet; it’s a cross-chain, self-custody wallet supporting Bitcoin, the Ethereum mainnet, and Ethereum Layer-2s, soon to be open-sourced following its mainnet debut.
Social Network’s Journey to Revolutionize Bitcoin Staking
Leading the charge with Social Network is Arbitrum, known for its pioneering L2 Rollups and commitment to open-source technology. This partnership is strategic, combining Social Network’s innovative vision with Arbitrum’s proven layer two tech stack, further supported by a generous commitment from Social Network to donate 10% of its sequencer revenue to maintain the openness of the Arbitrum stack.
In the realm of blockchain R&D, Social Network has partnered with ChainSafe, the minds behind the open-source Ethereum Consensus client Lodestar. This collaboration aims to bridge the Bitcoin and Ethereum blockchains using cutting-edge technologies such as ZK, MPC, and light-client technology, underscoring a significant move towards interoperability in the crypto space.
But the partnership network doesn’t stop there. Social Network is also working with LaunchNodes, leveraging their expertise to develop Earth Nodes, a one-click deployment solution for an energy-efficient Bitcoin staking infrastructure accessible globally via major cloud services. This move is complemented by the integration of ThreeFold’s ZeroOS into Earth Nodes, aiming for a decentralized data storage solution, marking a step away from traditional cloud dependencies.
Another vital partner, BloXroute, is set to revolutionize Bitcoin’s latency issues, aiming to make MEV (Maximal Extractable Value) on Bitcoin a lucrative reality and ensuring a fair economy within the Social Network ecosystem. In addition, the collaboration with Biconomy is set to redefine user experience in decentralized applications, emphasizing the importance of self-custody and security.
Furthermore, AltLayer’s involvement promises to stabilize Social Network’s infrastructure while pioneering the first Bitcoin/Nostr data availability layer, showcasing a significant advancement in decentralized protocol technology. As Social Network ushers in a new era for Bitcoin staking, it invites testnet Bitcoin stakers to join its burgeoning ecosystem, promising rewards and a stake in the future mainnet. This initiative represents a major leap forward in making Bitcoin more user-friendly, less energy-intensive, and a robust source of wealth creation.
Founded by a team of open-source Bitcoin and Ethereum developers, Social Network’s testnet launch in 2024 signifies a new chapter in cryptocurrency’s evolution, blending innovation with sustainability and community engagement. As this Layer-2 solution gains traction, it could very well set a new standard for Bitcoin’s scalability, efficiency, and overall impact on the digital economy.
