Social networka new Bitcoin layer-2 staking network, will launch on April 22 to address concerns about Bitcoin’s energy consumption.
Developed in collaboration with Earth Wallet, a self-management platform for Bitcoin and Ethereum, Social Network aims to improve the efficiency of Bitcoin transactions and reduce associated energy costs.
Unlike traditional social networks, Social Network focuses on creating a decentralized incentive system to promote environmental commitment.
Source: Social NetworkHow does social network work?
Users can participate by participating in outdoor activities, especially by visiting parks and interacting with the Earth Wallet app.
Sukhveer Sanghera, CEO and core contributor of Social Network, explained: “Essentially, you can be a part of Social Network and this movement we hope to create by touching grass. So you can download Earth Wallet today and it will direct you to the nearest park where you can catch a Regens character and be part of this trade show launch.”
The app features an AR mode where users can capture region-specific NFT characters by tapping a ‘touch grass’ button. These NFT tokens, called Regens, are distributed based on factors such as population density and energy consumption in different areas.
The project has opened early access to select contributors and Bitcoin Regen holders, with plans to open it to the public on April 14.
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