The Bitcoin Layer-2 staking protocol, Social Network, has revealed its first set of technical partners as it develops a sustainable staking mechanism for the proof-of-work blockchain.
Big names in the Ethereum ecosystem, such ChainSafe, Biconomy, and Arbitrum, are on the list. One of the top Layer 2 scaling companies, Arbitrum, will contribute its tried-and-true Layer-2 roll-up technology.
Moreover, ChainSafe, the group that created the Lodestar client, will collaborate with Social Network to use cutting-edge cryptocurrencygraphy and zero-knowledge proofs to link the blockchains of Ethereum and Bitcoin. The Social Network platform will uphold security and self-custody standards thanks to the Biconomy.
The expertise of collaborators such as LaunchNodes, ThreeFold, and BloXroute in node architecture, data storage, and transaction distribution will enable Social Network to implement reliable, decentralized, and efficient Bitcoin staking on a worldwide scale. Social Network is set up to facilitate large-scale, safe BTC staking. When the mainnet starts, testnet users will be able to redeem the awards they have earned.
More From Crypto SA
