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**September 02, 2023**

Dear CyberConnect community members,

On 01/09/2023, our peers in the community brought to our attention a slip-up in the first proposal at Cyber DAO. Although we acted quickly to void the proposal, it wasn’t fast enough to quell the rumor mill of crypto Twitter, which filled the market with fear, uncertainty, and doubt around CYBER. We take full responsibility for this mistake and are introducing safeguards in place so events like this are never repeated again. We assure the community that the rumors regarding CYBER token manipulation and market control triggered by incorrect token circulating supply are unfounded.

With this statement, we want to communicate with you directly and clear the air around this volatile and rapidly changing situation.

Since early this week, we have seen a surge in demand for CYBER in Korea. Due to the major Korean exchanges currently only supporting deposits and withdrawals of CYBER on Ethereum,   this dynamic, unfortunately, seeded a precarious market situation, creating unprecedented price differences in CYBER across exchanges. As almost every other exchange around the world ran low on CYBER supply on Ethereum, we noticed concerns and complaints from the CyberConnect community about CYBER’s availability in the markets. Therefore, we introduced **[CP-1] CYBER Multichain Liquidity Balance** proposal in Cyber DAO to address this volatile situation and make access to CYBER equitable and fair across exchanges.

The proposal had one objective - to optimize CYBER liquidity across three networks (ETH, OP, and BNB) by deploying a bridge and addressing the significant imbalance of token distribution among users and exchanges. The proposal was intended to contain the undesirable situation where CYBER on ETH has a large premium versus CYBER on BNB Chain or CYBER on OP, and ultimately make the price discovery for the token more efficient. Unfortunately, there was a slip-up in the proposal addressing the currently unlocked amount of CYBER in the community treasury, causing confusion and ultimately requiring nullification. The most updated state of CYBER unlocks and circulating supply is readily available on this [Dune](https://dune.com/cyberconnecthq/cybertoken) dashboard.

To be clear, a bridge, as proposed in [CP-1], remains the best available avenue for the CyberConnect community to ensure a healthy balance in token liquidity across the three networks on which it is deployed. This bridge will allow us to ensure this healthy balance without unlocking any new CYBER or altering the token’s current circulating and total supply. CYBER on Ethereum, Optimism, and BNB Chain is the same token, and with no mechanism for bridging, will always remain vulnerable to precarious market conditions, as we have witnessed in the past couple of days.

Here’s what we’re going to do to rectify this situation and ensure this is never repeated again:

**1.** A new, updated proposal will be introduced in Cyber DAO to receive the community’s sanction for a bridge so CYBER can be bridged freely across Ethereum, Optimism, and BNB Chain. The proposal will have a multiple-day voting period to allow for proper review and discussions.

**2.** An external, reputable expert will be appointed to conduct a security audit for the bridge before being deployed to ensure the maximum safety of community treasury funds.

**3.** This [Dune dashboard](https://dune.com/cyberconnecthq/cybertoken) has been set up to provide a clear view of CYBER’s total and circulating supply at all times and the multi-sig wallets where the unlocked tokens are held.

CyberConnect is on a mission to decentralize social networking on the Internet and remains steadfast in its commitment to transparency, community, and decentralization. A hard yet non-negotiable part of this commitment is to accept mistakes and learn from them. All community members can rest assured that the fundamental foundation for CyberConnect remains strong. While unpredictable market movements might distract us in the short term, in the long run, CYBER’s real success lies in its community, its ecosystem, its industry-leading products, and its unwavering commitment to its vision of a better internet. 



September 02, 2023 Dear CyberConnect community members, On 01/09/2023, our peers in the community brought to our attention a slip-up in the first proposal at Cyber DAO. Although we acted quickly to void the proposal, it wasn’t fast enough to quell the rumor mill of crypto Twitter, which filled t

A Statement on CYBER Bridge and CP-1


**TL;DR**

- CyberConnect V3 is a set of powerful upgrades to the CyberConnect social network protocol to usher web3 social into a new, multi-chain future. It will power the next stage of hyper scalability for web3 social dApps and give users a social networking experience that feels familiar to web2. 

- In the coming weeks, we will officially roll out the upgraded CyberConnect social network to multiple L1 and L2 blockchain networks through an exclusive launch campaign with [Link3](https://link3.to/) called, **CyberVoyage**. We invite web3 teams across ecosystems to join us. More details will be shared soon.

- **Collect this post and unlock limited-edition early supporter benefits to commemorate this monumental upgrade to CyberConnect and usher web3 social to its new, multi-chain future.** More details about the benefits will be announced next week, along with more information on CyberVoyage.

***

The original purpose of web3 social is to forge a digital renaissance, returning identity, content, and social data ownership back to users.

Inspired by that purpose to decentralize social networking on the internet, our team behind [CyberConnect](https://cyberconnect.me/) has been at the frontier of innovating new web3 social primitives, empowering users to maximize the potential of their digital social identities and enabling developers to bootstrap their innovative social products.

Over the past year, building upon and expanding CyberConnect V2, we have learned several invaluable lessons to understand the challenges that lie between where we stand as an industry and truly realizing the original purpose, bringing web3 social to a billion+ users globally.

We are excited to share the breakthroughs our team has made to pave the way for web3 social into its next stage of hyper scalability and a social networking experience that feels familiar. We are honored to present to you CyberConnect V3 - a set of powerful upgrades to the CyberConnect social network protocol to usher web3 social into a new, multi-chain future.

### Our Journey So Far

CyberConnect harnesses blockchain technology to empower users with ownership of their identity, content, and social data. In doing so, we enable both users and developers to experience a range of exciting new social networking primitives that are interoperable, censorship-resistant, and decentralized.

When we introduced CyberConnect V2 in August last year, we incorporated a fundamental upgrade to the original CyberConnect social network protocol that deployed a hybrid (EVM + [Arweave](https://www.arweave.org/)) scaling architecture for web3 social applications. This scaling solution enabled dApps in the CyberConnect ecosystem to attract over 1.6M profile sign-ups and enable new content tokenization primitives on networks beyond [Ethereum](https://ethereum.org/en/) Mainnet, like [BNB Chain](https://www.bnbchain.org/en) and [Polygon](https://polygon.technology/). By utilizing this hybrid solution, dApps could store users’ high unit value social data like profile, content, and collects on-chain while utilizing decentralized storage systems like Arweave for the rest. This crucial design implementation enables web3 social dApps to support various use cases without being restricted by limited blockspace.

Over the last 11 months, these upgrades helped engage over 1.3M unique wallets to execute 14.7M on-chain transactions on the CyberConnect protocol. In addition to 2.5M follow actions, 5.8M likes, and over 10.5M NFTs minted, more than 1.6M unique content was created across our rich ecosystem of social dApps, including [Link3](https://link3.to/), [Phaver](https://link3.to/phaver), [ReadOn](https://link3.to/readon), etc. Thanks to our dedicated community of users and developers, their engagement in the past few months has propelled CyberConnect as a top 10 contender on [DappRadar](https://dappradar.com/) across all networks and categories.

CyberConnect V2 also set the stage for soulbound tokens in web3 with W3ST (web3 status token, pronounced as west), enabling over 2,400 organizations, including [CoinMarketCap](https://link3.to/coinmarketcap), [PoolTogether](https://link3.to/pooltogether), [Maverick](https://link3.to/maverickprotocol), etc., to recognize and reward their most engaged and loyal supporters as proof of participation in those communities.

### Inside a Resilient Web3 Social Network

Since we’re building in public, our challenges have been visible far and wide. This has also helped us learn in public and iterate the CyberConnect protocol in real time to meet the demands of web3 social users and developers.

Even though CyberConnect V2 has been deployed on the Ethereum Mainnet, BNB Chain, and Polygon, it is simply not feasible to operate on multiple chains simultaneously due to the risk of fragmenting user identity. On top of this, it’s still remarkably complex to switch between blockchain networks as a user. Not to forget, even if they somehow tread along and become a seasoned web3 user, they need to acquire native tokens through a fiat on-ramp, CEX, or a bridge for every particular blockchain!

With these challenges top of mind, we returned to the drawing board and re-engaged with the first principles of decentralized social network protocols.

A resilient web3 social network protocol:

1. upholds a user’s holistic identity;
2. is multi-chain; 
3. abstracts away the complexities of network switching; and
4. is scalable.

**Current Challenges**

The primary challenge in introducing CyberConnect to multiple chains is to decouple different functions of a “user identity” to uphold a holistic identity.

The word ‘Identity’ is often overused but widely misunderstood. At first glance, it is a unique identifier that differentiates one person from another. However, in the added context of social networks, identity serves two crucial functions: authentication and authorization. Much like a username/email and password in web2 help validate a user and their ownership of an account, a web3 identity relies on a private key/seed phrase and cryptographic signatures to do the same. Furthermore, a social identity is like a database of a user’s social journey and constitutes important social events/actions like the content they create and engage with. In web3, Identity also needs to have a unique human readable identifier (abhi.cyber or abhir.eth) tied to it. Finally, users’ public information, like display name, bio, and avatars, is part of that same identity. While these are all distinct components of a web3 identity, they all have very different functionalities and properties.

CyberConnect V2 coupled them in an all-encompassing non-transferable ‘CyberProfile.’ Even though CyberProfile holders could change their public information like bio and avatar attached to their profile, they could not change their authentication method (EOA wallet) or username/handles after acquiring their identity.

But, much like updating your username, email, or phone number in web2, users in web3 must be able to change their authentication identity to enhance security or if their original credentials are compromised. Not only this, users must also have the flexibility to change or trade premium usernames without losing the rich history of their social journey.

Unfortunately, this is a much harder challenge to overcome. Then, if you add another difficulty of expanding a modular identity infrastructure to multiple blockchain networks, the complexity of this challenge escalates exponentially.

Fortunately, we’ve found a solution.

### Web3 Social's Multi-Chain Future

CyberConnect V3 consists of a set of powerful upgrades to the CyberConnect social network to usher web3 social into a new, multi-chain future. This upgrade will power the next stage of hyper scalability for web3 social dApps and give users a social networking experience that feels familiar to web2.

V3 has three core components: CyberAccount, an [ERC-4337](https://eips.ethereum.org/EIPS/eip-4337)-compatible identity infrastructure; CyberGraph, a censorship-resistant database to record users’ content + social connections; and CyberNetwork, a gas-efficient and scalable network to bring CyberConnect to the world.

### CyberAccount

CyberAccount is a suite of smart contracts that collectively represent a user’s self-sovereign digital identity, linking it to their content and social connections. This web3 account infrastructure comprises 4 key components, each with a different purpose:

**Authentication & Authorization**

CyberAccount is commissioned with defining the workflow for user authentication and authorization on the CyberConnect protocol.

Each CyberAccount is controlled and managed by one or more cryptographic key pairs, thus enabling a clear distinction between a user’s account and their web3 wallet. Through our collaboration with [ZeroDev](https://zerodev.app/), we incorporated this crucial design implementation that sets the stage to power several powerful primitives. This includes social recovery for cases of identity/private key loss as well as email, social, or phone login options for a seamless and familiar onboarding experience devoid of the need for seed phrase management.

Our team at CyberConnect is passionately committed to empowering users’ rights to privacy. We will therefore introduce an additional upgrade to CyberAccount in the coming months utilizing zero-knowledge proofs and privacy computing technology.

**ERC-4337 Compatible**

CyberAccount is ERC-4337 compatible, meaning it abstracts away the complexities of network switching and gas payments for end users. We worked closely with [StackUp](https://www.stackup.sh/) & [Pimlico](https://twitter.com/pimlicoHQ) to deploy an in-house bundler and paymaster solution, allowing us to improve the clunky user experience of web3 wallets and implement third-party-designed mechanisms to pay for users’ transactions. These kinds of transactions may also be called gasless transactions, and they’re crucial to level up the end-user experience. Without a bundler and paymaster, users would need to manually change networks every time they interact with a profile or content from another blockchain and acquire the blockchain's native token in their account to pay for transactions.

The paymaster allows CyberConnect protocol, the underlying network, or any given web3 dApp to pay for transactions on users' behalf, thus opening up a whole new level of possibilities for mass user onboarding and supercharge platform bootstrapping.

On CyberConnect, users will also be able to top up their gas credit from a network of their choice and use that credit on any other chain CyberAccount is deployed on, truly taking web3 social multi-chain.

And yes, [$CYBER](https://link3.to/cyberconnect/post/d430762b4c4a220decb9e8875db78f9af741699774d483d11b9c7203b1582e36) will eventually be used as the gas token across the protocol.

**CyberID**

Much like your username on Instagram or Twitter, CyberID is an ERC-721 token that represents a unique handle for your account in the CyberConnect social network.

Unlike most ERC-721 tokens, registering/minting a CyberID does not imply perpetual ownership. CyberID functions upon a demand-based recurring fees model. If you forget to extend the registration of your handle, it is released to an auction process.

During the growth phase of the CyberConnect social network, a portion of the CyberID registration fees will be refunded to the CyberAccount as $CYBER token in the form of gas credit.

**Organization Account**

Web3 social is not just for individual users. It’s also for teams, organizations, and brands to connect with their audiences and build meaningful, contribution-based communities. Link3, a web3 social network to build and discover new communities, is the biggest dApp within CyberConnect by user activity. It is loved by web3-native teams across blockchain networks for their community management needs. To push the potential of CyberAccount one step further, we’ve designed a powerful new way for organizations to embark on their web3 social journey. The organization account is a special kind of CyberAccount that provides advanced account management features such as multi-sig and customizable access control rules.

Additionally, the CyberConnect social network protocol provides a robust verification infrastructure that allows any third party to verify external accounts (e.g. Twitter, Discord) associated with the org account.

### CyberGraph

In web2, social graphs represent the connections between users, their content, and interests. They are a key data set social network platforms use to capture attention and increase user engagement. However, social graphs have recently become more of a limitation for users and developers due to their rampant centralization by big tech. To offer an alternative, we’re introducing CyberGraph, a decentralized, censorship-resistant, and user-owned alternative to power the next generation of social networking platforms on the internet.

CyberGraph is a set of smart contracts that links user identities (CyberAcconts) to their content and social connections and enables the recording of that rich social data onto multiple EVM-compatible blockchains. Through CyberGraph’s unique, customizable middleware design, storing users’ high-unit value social data on blockchain databases unlocks several novel social networking and community-building primitives, including monetization through tokenization.

**Content**

Every user with a CyberAccount is already equipped with creator capabilities and can publish monetizable content. When a piece of content like a post, image, or video is first created on a dApp on the CyberConnect protocol, it is uploaded to a decentralized storage system like IPFS or Arweave, following which a link between the URL of the content and the creator’s account is recorded on the CyberGraph smart contract. This decentralized account-to-content linking is foundational in guaranteeing true user ownership and removing centralized control from any one platform.  It is a critical step in facilitating online communication on the open web to prevent a corrupted/disincentivized platform from monopolizing and manipulating content distribution.

CyberGraph also sets the stage for the next stage of growth for the creator economy, empowering artists and creators to offer new experiences to their fans/audience by making their content collectible. Each collect signals a fan’s support of a specific piece of content or creator with a permanent record on the blockchain. Creators can use this engagement information to identify their earliest or their most engaged supporters and tailor their rewards or growth campaigns accordingly.

Additionally, every time a user comments on a piece of content on the CyberConnect social network, a link to the original content is established on the smart contract, ensuring content sovereignty and provenance. Users can also amplify the original content by sharing posts, images, videos, etc., much like in web2.

**W3ST**

One of the most community-loved features of CyberConnect V2 is W3ST (Web3 Status Token, pronounced as West). It is a non-transferrable NFT with on-chain issuer reference that acts as a digitally verifiable indicator of a user’s status in their community. It is a powerful instrument for users to find their tribe in web3. Organizations use W3ST to recognize their most engaged and loyal supporters and therefore build a digitally verifiable, immutable, and contextually meaningful contribution-based value system in their communities. W3ST is also instrumental in growing communities because it helps identify potential members with similar interests, affiliations, and past experiences.

We are thrilled to share that W3ST is now more gas efficient and even more discoverable. Instead of every W3ST as its unique ERC-721 contract, organizations will now utilize a singular ERC-1155 smart contract to save gas and empower their members with better discoverability on NFT platforms.

**Subscription**

Connections are the fabric that weaves online social networks; creators should be able to monetize the relationships and friendships they've garnered from their content and social capital. On CyberConnect protocol, subscriptions are designed to enable self-sovereign monetization of creators' communities.

In V3, users must set up their subscription logic with a predefined monthly fee to enable subscriptions. When your audience subscribes to you, they would need to prepay at least one month of subscription fee. With Subscription, creators can easily monetize their exclusive pay-to-reveal content.

**Middleware**

CyberGraph follows a middleware architecture to create more design space for customized logic. Middlewares are plug-and-play custom execution logic codes that run before and after an action trigger to extend the default behaviors in social networks.

CyberConnect provides a repository of middleware for developers to use by generalizing common computational patterns. For example, imagine that dApp *A* wants to build a social network for [Bored Ape Yacht Club](https://boredapeyachtclub.com/#/) by setting the condition that only BAYC holders can mint their app-specific ContentNFT, and dApp *B* wants to do the same thing for RTFKT’s [CloneX](https://clonex.rtfkt.com/) holders. The underlying pattern here is the same; the only difference is the gated ERC-721 contract address.

We invite the developer community to contribute to this repository and help us build a wide range of reusable middleware together. Dapp developers can pick and choose the relevant ones to plug into their dApp easily.

### CyberNetwork

Blockchains were designed for a decentralized, transparent, secure, and immutable system for recording and verifying information. However, actually storing data on existing blockchains is expensive. So, even though representing social data on the blockchain is good for programmability and interoperability, high gas costs are an incredibly challenging bottleneck for scaling web3 social networks to a billion users. In the last 11 months, over $2M in gas fees was paid by 1.3M users on CyberConnect V2 alone. Users need a better alternative that is dramatically scalable without compromising their data ownership.

In the coming months, we will introduce additional upgrades to the CyberConnect social network to make all social interactions/transactions much cheaper.

### **Roadmap**

CyberConnect V3 will be available for use in the coming days, beginning with Link3.

In the coming weeks, we will officially roll out the upgraded CyberConnect social network to multiple L1 and L2 blockchain networks through an exclusive launch campaign with Link3 called, **CyberVoyage.** We invite web3 teams across ecosystems to join us. More details will be shared soon.

**Collect this post and unlock limited-edition early supporter benefits to commemorate this monumental upgrade to CyberConnect and usher web3 social to its new, multi-chain future.** More details about the benefits will be announced next week, along with more information on CyberVoyage.

Additional developer toolkits with an updated indexer and API server will be made available in August.

TL;DR CyberConnect V3 is a set of powerful upgrades to the CyberConnect social network protocol to usher web3 social into a new, multi-chain future. It will power the next stage of hyper scalability for web3 social dApps and give users a social networking experience that feels familiar to web2.  I

CyberConnect V3: A New, Multi-Chain Future for Web3 Social

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#Polkadot2#RevolutionaryTechnology

### 
Polkadot 2.0 introduces a revolutionary technology that has no parallels in the ecosystem.

**❔What is Polkadot 2.0?**

Polkadot 2.0 envisions the network as a space for applications, not just a blockchain. It offers powerful capabilities for building applications based on system networks rather than relay chains.

**🔥What to Expect from Polkadot 2.0**

Polkadot plans to expand to 500-1000 parachains in the coming years. The "Agile Polkadot" model introduces core leasing instead of slot leasing.

Cores in Polkadot will be sold at wholesale auctions and can be divided into NFTs. This will enable greater transaction volume and flexible pricing.


**🔥Key Takeaways:**

Polkadot 2.0 is a powerful system akin to Amazon Web Services, with a flexible payment policy.

Polkadot 2.0 will be an attractive option for applications, enhancing Polkadot's position in the market.

[https://twitter.com/blondy_chain/status/1676920300028452864](https://twitter.com/blondy_chain/status/1676920300028452864)


🤔**Do you believe this update will make Polkadot even better?**

#Polkadot2#RevolutionaryTechnology Polkadot 2.0 introduces a revolutionary technology that has no parallels in the ecosystem. ❔What is Polkadot 2.0? Polkadot 2.0 envisions the network as a space for applications, not just a blockchain. It offers powerful capabilities for building applications b

Polkadot
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