In a major improvement within the blockchain area, CyberConnect has introduced the launch of ‘Cyber,’ a groundbreaking Layer 2 (L2) resolution, crafted explicitly for the social area and poised to gas mass adoption of Web3. Revealed by a tweet, the initiative is a collaborative effort powered by EigenLayer and Optimism, and in partnership with AltLayer.
Cyber emerges as the primary modular L2 resolution distinctly engineered for social engagement and widespread acceptance. It addresses the urgent want for a decentralized social framework that empowers person possession and redistributes the worth at the moment monopolized by Large Tech giants. By leveraging this new platform, Web3 goals to diversify past the dominant DeFi (Decentralized Finance) purposes, opening doorways for broader person inclusion.
Figuring out the Want
Present blockchain-based social networks fall in need of fostering real adoption on account of subpar person experiences, exorbitant fuel charges, and insufficient transaction throughput. Builders discover themselves in a good nook, scuffling with blockchain architectures that don’t align with social functionalities. CyberConnect’s expertise with initiatives like Link3.cyber and Mocaverse, which amassed over two million customers and facilitated over 20 million transactions, underscores the unsustainable nature of present Web3 social fashions.
Introducing Cyber: the social Layer 2 with restaking.
Powered by @eigenlayer & @Optimism, in partnership with @alt_layer, Cyber is the primary modular L2 designed for social and mass adoption.
What makes Cyber the de facto alternative for web3 social customers & builders? 🧵👇🏼 pic.twitter.com/4MVvIGC25A
— CyberConnect (@CyberConnectHQ) March 8, 2024
Cyber units itself aside by specializing in scalability whereas sustaining alignment with Ethereum by EigenLayer. It boasts a formidable transaction capability exceeding 100,000 per second at negligible fuel prices. The platform introduces a novel twin staking mechanism involving ETH and its native CYBER tokens, enhancing community safety and person engagement.
Aligning with the Optimism Superchain, Cyber pledges to offer complete social infrastructure that transcends the constraints of remoted platforms. This dedication ensures customers and builders can faucet into the expansive onchain economic system, fostering a extra inclusive and interconnected digital ecosystem.
Cyber prioritizes person accessibility by integrating account abstraction below EIP-7560, simplifying the transition from Web2 to Web3 experiences. It additional enhances safety and comfort by native help for EIP-7212, permitting account administration by way of passkeys or FaceID.
Fostering Financial Alternatives
Cyber is designed to create symbiotic financial environments the place builders and customers alike can thrive. Individuals can generate yield by varied means similar to bridged ETH, LST, and LRT, share in protocol charges, and obtain ecosystem rewards, making a vibrant and sustainable group.
With Cyber, builders acquire entry to an enshrined social graph and CyberDB, a cost-efficient and high-performance decentralized storage service. These instruments considerably scale back the boundaries to creating and scaling social purposes, enabling a 100-fold enchancment in improvement effectivity.
The Cyber Sepolia Testnet is scheduled to go stay subsequent week, marking a pivotal step in the direction of the platform’s full deployment, to be overseen by AltLayer. This launch is just not merely a technical milestone however a beacon of change for the Web3 social panorama, promising a future the place social networks are extra inclusive, user-centric, and economically empowering.
Total, CyberConnect’s launch of Cyber represents a essential inflection level within the evolution of Web3 social platforms. By addressing the core challenges of present blockchain-based networks and introducing modern options for scalability, person expertise, and financial incentives, Cyber stands poised to redefine the social cloth of the digital age.
