Social Network: Bitcoin's New Layer-2 Revolutionizes Energy-Efficient Transactions

Social Network, a novel Bitcoin layer-2 staking network, is launching on April 22nd to address Bitcoin's energy consumption concerns. Developed in collaboration with Earth Wallet, Social Network enables users to engage in outdoor activities and interact with the Earth Wallet app to enhance Bitcoin transaction efficiency and reduce energy costs.

Social Network: A Novel Bitcoin Layer-2 Staking Network Poised to Revolutionize Energy-Efficient Transactions

In a significant development for the cryptocurrency ecosystem, Social Network, a pioneering Bitcoin layer-2 staking network, is poised to launch on April 22nd, 2023. This groundbreaking initiative seeks to address growing concerns over Bitcoin's energy consumption, paving the way for a more sustainable and environmentally conscious blockchain architecture.

Conceived in collaboration with Earth Wallet, a renowned self-custody platform for Bitcoin and Ethereum, Social Network is designed to enhance the efficiency of Bitcoin transactions while simultaneously reducing the significant energy costs associated with traditional cryptocurrency mining practices.

Unlike conventional social networking platforms, Social Network operates on a decentralized incentive system that encourages active engagement with environmentalism. The network leverages the Earth Wallet app to empower users to participate in outdoor activities, particularly visiting parks and interacting with nature.

Sukhveer Sanghera, CEO and Core Contributor to Social Network, elucidated the platform's revolutionary approach: "The essence of becoming a part of Social Network and the movement we envision is through the simple act of 'touching grass.' By downloading Earth Wallet, users can navigate to the nearest park, encounter unique Regens NFT characters, and become integral participants in this groundbreaking fair launch."

The Earth Wallet app boasts an innovative augmented reality mode, allowing users to capture region-specific NFT characters by tapping the "touch grass" button. These dynamic NFT characters, known as Regens, are distributed based on intricate calculations that consider factors such as population density and energy consumption in various geographic locations.

In the lead-up to the April 22nd launch, Social Network has granted early access to a select group of contributors and Bitcoin Regen holders. The platform will subsequently open its doors to the general public on April 14th, providing an opportunity for individuals to actively contribute to the burgeoning ecosystem.

Social Network's mission transcends the realm of cryptocurrency and extends into the broader societal imperative of promoting environmental sustainability. By incentivizing eco-friendly activities, the platform aims to foster a culture of environmental stewardship within the cryptocurrency community and beyond.

As the world grapples with the urgent need to mitigate climate change, Social Network emerges as a beacon of hope, demonstrating the transformative potential of blockchain technology to drive positive societal impact. Its innovative approach not only enhances the efficiency of Bitcoin transactions but also harnesses the collective power of the cryptocurrency ecosystem to create a more sustainable and environmentally conscious future.