CyberConnect web3 protocol and the oldest and largest decentralized social network. has announced the launch Cyber Retaked Modular Ethereum Layer 2 is designed for social use and is optimized for mass adoption.
Cyber, powered by EigenLayer and Optimism in collaboration with AltLayer, will act as a social layer for web3 applications and a gateway for the next wave of users to access web3 experiences, tools and tools. and financial liquidity in the entire Layer 2 ecosystem
Cyber Sepolia Testnet, secured by AltLayer, launches next week Cyber Staking is now live. Participants will be able to win CYBER Season 2 rewards, and up to 1 million CYBER tokens will be awarded as rewards for staking.
Interested users and developers can find more information at cyber.co
Cyber is the latest product from the team behind CyberConnect, a social networking protocol, Link3, a professional networking platform, and CyberWallet, an industry-leading ERC-4337-enabled Smart Account solution. Since its inception The CyberConnect social networking protocol, along with Link3 and hundreds of third-party ecosystem apps, has welcomed more than 2 million users, who have made more than 20 million cumulative transactions and spent more than $2.6 million on gas. Team The event received $25 million in funding from Multicoin, Binance Labs, Animoca Brands, Hashed, The Spartan Groups, Delphi Digital, and many more.
The future is Social
Social is the gateway to web3’s widespread adoption.
The most used products by consumers on web2 are social apps. Social decentralization provides true ownership rights to users. And it could redistribute up to $150 billion of value locked in Big Tech back to creators, users, and developers, creating a virtuous cycle for creativity and innovation.
Blockchain-based social networks are also an excellent starting point for users to explore the broader on-chain economy, an on-chain economy that is hyper-focused on financial activities. It will only be able to attract a limited number of users.
Unfortunately, current decentralized social apps are not enough to bring billions of users onto the on-chain network. Developers face complex problems such as poor blockchain user experience, high gas fees, and low blockchain transaction volumes. The team also faced issues when working with a blockchain that was not compatible with the economy on their application.
Cyber is the first Ethereum L2 designed specifically for social use. This allows developers to build and extend web3 applications.
What makes Cyber different?
Cyber is committed to making ‘onchain’ the new ‘online’ and here’s how Cyber works:
◆ Expand consumer applications while staying true to Ethereum with Eigenlayer.
Cyber can process up to 100,000 transactions per second. With very low gas fees (<~0.01¢), Cyber also uses a decentralized social network. In the future, this will be secured with dual staking of both ETH and CYBER.
◆ Committed to the Superchain vision together with Optimism.
Gone are the days of limiting users to a single network or ecosystem. Cyber, committed to OP Collective’s Superchain vision, provides social infrastructure for the ecosystem and empowers users and developers to access the economy. All onchain via Superchain
◆ Welcome Billions of Users with Smart Accounts
Cyber supports Account Abstraction with EIP-7560, upgrading web3 onboarding to be as seamless as web2. Native EIP-7212 support allows users to control their blockchain accounts with passkeys or FaceID.
◆ Cyber = Social
Cyber makes building and growing social apps 100x easier. The built-in social graph helps developers get started on developing their apps. and quickly take advantage of shared network effects. CyberDB provides cost-effective, high-performance decentralized storage. Powered by EigenLayer, AVS is the most advantageous decentralized storage solution available to teams today.
◆ A functioning economy.
On Cyber, every network participant, from developers to users, receives economic rewards for their contribution to value creation. Earn native returns with your ETH, LST, and LRT, or increase your passive income through sharing the fees generated by the protocol.
Community awards should not be forgotten! And keep your eyes peeled for additional ecosystem rewards!
Roadmap
Stage 1 (Q2 2024): Testnet with governance framework
Stage 2 (Q3 2024): Mainnet with @EigenDA & Decentralized Validator
Stage 3 (Q4 2024): Launch of CyberDB
Stage 4 (Q1 2025): Launch Native AA
The Cyber Sepolia Testnet launches next week, and CYBER staking and CYBER Season 2 rewards have been released.
For more information please visit cyber.co
about CyberConnect
CyberConnect is a web3 social network that enables developers to create social applications that empower users with digital identities, content, connections, and monetization channels. Messari, Rarible, 1inch, BNB Chainincluding more than 3,000 projects, more than 2 million users and creators are creating lasting connections through applications built on CyberConnect.