The unveiling of the Cyber network by CyberConnect marks a significant step toward improving social applications within the Web3 ecosystem.

Decentralized social protocol CyberConnect announced the launch of its modular Ethereum The Cyber network, which operates on Layer 2, is on track to launch on the mainnet in the third quarter of this year.

Supported by EigenLayer In partnership with Optimism, Cyber aims to elevate the experience of social layer applications, providing an entry point for newcomers to explore tools and financial opportunities available across various Layer 2 ecosystems. AltLayer This announcement coincides with the launch of CYBER staking, where participants can vie for rewards in CYBER Season 2. Once the three-month staking campaign wraps up, participants could potentially earn up to 1 million CYBER tokens.

With an ambition to scale social applications while staying true to Ethereum’s ethos, the Cyber network utilizes EigenLayer, boasting an impressive capability of handling over 100,000 transactions every second at minimal gas costs. Furthermore, future plans include dual staking options for ETH and CYBER to provide greater flexibility.

The company highlighted in a tweet that 'current blockchain-based social networks aren't adequate for achieving widespread usage. Developers face challenges due to poor user experiences, exorbitant gas fees, and inadequate transaction capacity. They’re stuck with blockchain environments that don’t fit their social needs. If these issues persist, Web3 social platforms might never achieve mass adoption. Cyber is pioneering as the first Layer 2 explicitly designed for social applications, tailored for extensive user engagement.' network security .

The initiative will leverage the Superchain to establish a social infrastructure that allows both users and developers connected through Cyber to interact seamlessly within the on-chain economy of the Superchain.

Cyber has committed to Optimism The goal is to onboard a billion users into the Web3 ecosystem using innovative smart accounts.

CyberConnect claims that the Cyber initiative will significantly bolster the development of social applications, featuring a foundational social graph that fosters app creation while harnessing the benefits of network sharing. On top of that, CyberDB, a decentralized storage solution powered by EigenLayer AVS, will provide both cost-effective and efficient service. EIP-7212 The next phase of the platform is scheduled to launch next week, secured by AltLayer, marking an important chapter in the platform's evolution.

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The Cyber Sepolia Testnet Victor serves as a Managing Tech Editor/Writer at Metaverse Post, focusing on topics like artificial intelligence, cryptocurrencies, data science, the metaverse, and cybersecurity in the context of enterprises. With extensive experience in media and AI that spans five years across reputable platforms like VentureBeat, DatatechVibe, and Analytics India Magazine, Victor is also a Media Mentor at esteemed institutions, including Oxford and USC. He holds a Master's degree in data science and analytics, affirming his commitment to staying updated with the latest trends.