The first-ever Bitcoin Layer-2 staking protocol, Social Network, has unveiled a list of technology partners and highlighted their respective contributions as it develops an eco-friendly staking protocol for the Proof-of-Work blockchain.
Social Network has started an early testnet Bitcoin staking incentives program using its in-house wallet, Earth Wallet, in addition to its recent testnet launch for Bitcoin staking. The Social Network team plans to release Earth Wallet as open-source software so that everyone may use it when it goes live on the mainnet. The cross-chain, self-custody wallet supports Ethereum Layer-2s, the Ethereum mainnet, and Bitcoin in addition to Social Network.
One of Social Network’s technological partners is Arbitrum, a pioneer in L2 Rollups and well-known for its completely open-source core technology. In addition to partnering with Arbitrum to use its robust layer two rollup tech stack, Social Network has pledged to contribute 10% of their sequenc
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