Social Network’s testnet release marks the formal debut of the first decentralized Bitcoin Layer 2 Staking Protocol with Native Yield. The protocol finally unlocks the potential for decentralized social networks on Bitcoin by addressing the network’s scalability, cost-effectiveness, and environmental sustainability.
Top testnet contributors will get ‘Taproot Farmers,’ a unique Bitcoin Ordinals free mint, as a celebration of the launch from Social Network. Ordinals have a reputation for creating a lot of congestion on the Bitcoin network, but Social Network offers a reliable alternative. By integrating the Nostr decentralized social networking protocol with Bitcoin, their method effectively addresses the high fees brought on by the growing demand for using Bitcoin to store more information, as demonstrated by Bitcoin Ordinals. This allows for the decentralized storage of linked data on a large scale.
The official whitepaper for the project was released this week, coinciding with
We współpracy z: https://thenewscrypto.com/first-bitcoin-staking-l2-with-native-yield-social-network-launches-testnet/
