CyberConnect (CYBER): Building a Better Web3 Social Network

CyberConnect (CYBER), as a pioneer in the Web3 ecosystem, has taken a big step with the launch of its first restacked Ethereum (ETH) Layer 2 solution. The initiative is part of an ongoing effort to address challenges faced by decentralized social networks, including high gas fees, suboptimal user experience, and low transaction throughput.

What is CyberConnect?

CyberConnect is a decentralized social network that allows developers to create social applications using ERC-4337/Account Abstraction. It empowers users to own their digital identity, content, connections, and interactions. CyberConnect aims to address the challenges of centralized social media by offering a self-sovereign and interoperable experience.

What is CYBER token?

The CYBER token is the native token of the CyberConnect platform. These tokens are used for a variety of purposes within the CyberConnect ecosystem, including staking, network security, governance, and economic incentives. CYBER token holders can propose and vote on governance proposals relating to community cash usage, protocol upgrades, and board members. The CYBER token has a maximum supply of 100,000,000 tokens, with a current market value of around $217,572,577 USD.

Platform Cyber

CyberConnect introduces Cyber, a platform that promises significant improvements in scalability and security. Built in collaboration with EigenLayer and Optimism, as well as AltLayer, Cyber is capable of processing more than 10 thousand transactions per second with virtually non-existent gas fees, marking a major step in the evolution of blockchain-based social networks.

Staking Mechanism

The dual staking mechanism involving ETH and CYBER's native token is one of the innovations introduced to improve network security and user engagement. This demonstrates CyberConnect's commitment to not only focus on scalability but also on improving security and user engagement.

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Ease of Access 

CyberConnect prioritizes user ease of access by integrating account abstraction as per EIP-7560, which eases the transition from Web2 to Web3. Support for EIP-7212 also improves security and ease of use, by enabling account management via FaceID or access keys.

Profitable Economic Model

The new economic model introduced by CyberConnect is designed to provide benefits for developers and users. Bridged assets such as ETH, ESG, and LRT offer opportunities to generate passive income through yield, with shared protocol fees and ecosystem rewards as additional sources of income.

Potensi Pertumbuhan Web3 

Web3, yang pertama kali diperkenalkan pada tahun 2014, telah mengalami peningkatan popularitas yang signifikan pada tahun 2021. Dengan nilai pasar sebesar $2,86 Miliar (sekitar Rp40,44 Triliun) pada tahun 2023 dan prospek pertumbuhan sebesar 44,5%, pasar global diperkirakan akan mencapai hampir $49,1 Miliar (sekitar Rp692,61 Triliun) pada akhir 2030.

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CyberConnect dan Masa Depan Jaringan Sosial 

CyberConnect tidak hanya berperan sebagai platform teknologi; ia adalah pembawa standar baru dalam interaksi sosial digital. Dengan visi untuk mengembalikan kepemilikan identitas, konten, dan data sosial kepada pengguna, CyberConnect telah membuka jalan bagi pengembang untuk menciptakan aplikasi sosial yang memberdayakan pengguna. 

Through innovations such as CyberAccount, CyberGraph, and CyberNetwork, CyberConnect V3 has introduced an ERC-4337-compatible identity infrastructure, censorship-resistant databases, and a cost-efficient gas network.

Along the way, CyberConnect has attracted over 1.6 million profile registrations and driven over 14.7 million on-chain transactions, confirming its position as one of the top platforms on DappRadar.

Conclusion 

With a vibrant developer community and a commitment to continuous innovation, CyberConnect is poised to deliver a more inclusive, connected, and user-centric future of Web3 social networks. As a result of these efforts, CyberConnect has not only become a platform, but also a movement that is driving a paradigm shift in the way we interact and connect in the digital world.

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How to Cyberconnect (CYBER) on Bittime

You can buy and sell CyberConnect (CYBER) in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.

CyberConnect (CYBER) is available on Bittime with the CYBER/IDR market pair. To be able to buy CYBER IDR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is Rp10,000. After that, then you can make a crypto asset purchase in the application.

Learn the complete guide on how to buy CyberConnect (CYBER) on Bittime.

Monitor the price chart movements of CyberConnect (CYBER), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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CyberConnect (CYBER): The Future of Web3 Social Networking

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DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.