Social Network Revolutionizes Bitcoin with Green Staking and 'Touch Grass' for Outdoor Exploration

Social Network, a Proof-of-Stake Layer-2 solution for Bitcoin, launches its mainnet on April 22, collaborating with Earth Wallet to enhance Bitcoin's scalability, speed, and energy efficiency. The network incorporates an Ethereum Virtual Machine and an NFT-based scavenger hunt called "Touch Grass" to promote outdoor exploration and incentivize users with staking rewards paid out in eBTC tokens.

Social Network Revolutionizes Bitcoin Staking, Fusing NFTs and Earth Wallet for Environmental Empowerment and Outdoor Exploration with 'Touch Grass'

As the highly anticipated launch of Social Network's mainnet on April 22 draws near, the innovative Bitcoin staking Layer-2 solution is set to transform the cryptocurrency landscape. Created in collaboration with Earth Wallet, Social Network aims to enhance Bitcoin's scalability, speed, cost-effectiveness, and energy efficiency, addressing long-standing concerns about its environmental impact.

A Paradigm Shift for Bitcoin: Sustainability and Scalability

Bitcoin's Proof-of-Work (PoW) consensus mechanism has faced criticism for its excessive energy consumption. Social Network seeks to mitigate this issue by leveraging an Ethereum Virtual Machine (EVM) and an NFT-based mobile scavenger hunt linked to its mainnet launch.

"Social Network is one of the projects we're contributing to the most right now, which is trying to create a new decentralized social network incentive system that essentially makes social networks a public good again," said Sukhveer Sanghera, Earth Wallet founder, CEO, and Core Contributor to Social Network.

Incentivizing Engagement: Staking Rewards and 'Touch Grass'

Social Network's foundational reward system revolves around the eBTC token, which users earn through staking rewards paid out from Layer-2 transaction fees. The network encourages crypto users to embrace the outdoors through its "Touch Grass" campaign.

"We definitely want to get people out of their houses and into nature," Sanghera said. "That's an important goal for us, and 'Touch Grass' is a playful way to encourage that."

How to Step into the Network: A Virtual Adventure with Real-World Benefits

Participating in Social Network is straightforward: users simply need to "touch grass." After downloading the Earth Wallet, they are guided to the nearest park, where they can encounter a Regens character.

Upon opening the Earth Wallet app and tapping the "touch grass" button, users enter Augmented Reality (AR) mode, revealing region-specific NFT characters that they can capture. The distribution of these NFTs varies based on population density and energy consumption, reflecting the network's emphasis on sustainability.

Embracing the Future: Challenges and Opportunities

While the benefits of Social Network are evident, Sanghera acknowledges the challenge of persuading Bitcoin maximalists to embrace an Ethereum-based solution. However, he remains optimistic that environmentally conscious Bitcoin traders and investors will recognize its value.

Social Network's "Touch Grass" campaign is poised to engage users while promoting outdoor exploration and raising awareness about environmental issues. By merging the worlds of cryptocurrency, gaming, and sustainability, Social Network is poised to redefine the boundaries of the digital realm and inspire positive change in the real world.