Social Network, the Bitcoin Layer-2 staking protocol, has announced its initial group of technology partners as it builds an eco-friendly staking mechanism for the proof-of-work blockchain.
The list includes major players in the Ethereum ecosystem, such as Arbitrum, ChainSafe, and Biconomy. Arbitrum, one of the leading Layer 2 scaling solutions, will provide its battle-tested layer-2 roll-up technology.
Furthermore, ChainSafe, the team behind the Lodestar client, will work with Social Network to connect the Bitcoin and Ethereum blockchains using zero-knowledge proofs and other advanced cryptography. Biconomy will ensure principles of self-custody and security are upheld on the Social Network platform.
Collaborators like LaunchNodes, ThreeFold, and BloXroute will contribute expertise in node infrastructure, data storage, and transaction distribution to ensure Social Network can deploy robust, decentralized, and performant Bitcoin staking globally. Social Network is positioned to enable simple yet secure BTC staking at scale. Participants on the testnet stand to earn rewards to be redeemed when the mainnet launches.
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