Social Network Introduces Bitcoin Staking Solution Mainnet

FinanceFeeds Editorial Team

Social Network unveils its new Bitcoin staking solution mainnet, introducing enhanced scalability and environmental benefits. Join the ‘Touch Grass’ global fair launch for a unique gamified experience.

Bitcoin

Bitcoin Layer-2 scaling solution pioneer, Social Network, is gearing up for the launch of its mainnet, heralding a significant advancement in scaling Bitcoin. Set to debut on April 22nd, the mainnet promises improved transaction speed, cost efficiency, and energy conservation for BTC transactions, marking a pivotal moment in the evolution of the leading cryptocurrency.

Innovative features such as Social Network’s eBTC gas token offer native staking rewards derived from Layer-2 transaction fees, presenting a novel incentive model for a decentralized economy rooted in Bitcoin, the world’s largest decentralized monetary system.

To foster a fair global distribution, the Social Network team invites participants to embark on a gamified experience akin to Pokémon Go, encouraging users to explore the outdoors and reconnect with nature. This distinctive approach not only promotes equitable participation but also aligns with the project’s ethos of incentivizing healthier internet behavior.

The recent completion of the launch of 369 Regens on Bitcoin block 9, mined by Satoshi Nakamoto in 2009, underscores Social Network’s commitment to decentralization and its core values. Early access to the global fair launch will be granted exclusively to 10,000+ testnet contributors and 369 Bitcoin Regen holders on April 1st, before opening to the public on April 14th.

Sukhveer Sanghera, Founder and CEO of Earth Wallet and Core Contributor to Social Network, remarked: “Social Network signifies a significant advancement for Bitcoin, making it more accessible, efficient, and environmentally beneficial. We welcome early adopters to join us in unlocking Bitcoin’s potential for Earth-scale regeneration and experiencing its benefits firsthand.”

Social Network addresses key challenges facing Bitcoin, including scalability, affordability, and environmental impact, fostering a more sustainable and inclusive digital currency ecosystem. The project’s core team comprises experienced blockchain developers dedicated to nurturing a positive Bitcoin ecosystem.

Elizabeth Tan, a contributor to Social Network, commented: “The gamification aspect of Social Network’s fair launch is a unique and engaging way to encourage people to explore the outdoors and reconnect with nature. It aligns perfectly with our mission of promoting a more sustainable future.”

Amidst the ongoing crypto bull run, fueled in part by the SEC’s approval of eleven spot bitcoin ETFs in January, the Social Network mainnet launch signifies not just a technological advancement but a step towards a healthier, more sustainable, and inclusive digital currency ecosystem.

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