๐จ REMINDER: Biweekly Community Call ๐จ
What's been going on in the world of Cysic? What's on the horizon for the team? Join our Discord AMA, hosted by co-founder @leofanxiong and @cysic_janitor, to catch up!
๐ Date: May 8th, 2025
โฐ Time: 8:30 PM UTC+8
๐ Link: https://t.co/4PImbNsSSF
DeFi on Bitcoin is about to change forever!
I just started the journey to running my own node on the @PortaltoBitcoin testnet ๐ค๐ผ
The only way to swap between BTC and other L1s with REAL self custody ๐
Join here โฌ๏ธ
https://t.co/LahyaFvAP7
Portal to Bitcoin has collaborated with @CoinList to present you LiteNodes!
What are LiteNodes and how can you earn them through Portal's Incentivized Aurelia Testnet? ๐งต
DeFi on Bitcoin is about to change forever!
I just started the journey to running my own node on the @PortaltoBitcoin testnet ๐ค๐ผ
The only way to swap between BTC and other L1s with REAL self custody ๐
Join here โฌ๏ธ
https://t.co/LahyaFv2Zz
๐จ Bitcoin & Crypto: Testnet & Mainnet ๐จ
https://t.co/XWnhd6WaCr
5:30pm UTC January 9th.
Join us and our friends at every stage between Testnet ๐ and Mainnet ๐ฆ as our projects journey forth in the bright beautiful world of Blockchain.
Are you in?
DeFi on Bitcoin is about to change forever!
I just started the journey to running my own node on the @PortaltoBitcoin testnet ๐ค๐ผ
The only way to swap between BTC and other L1s with REAL self custody ๐
Join here โฌ๏ธ
https://t.co/LahyaFv2Zz
DeFi on Bitcoin is about to change forever!
I just started the journey to running my own node on the @PortaltoBitcoin testnet ๐ค๐ผ
The only way to swap between BTC and other L1s with REAL self custody ๐
Join here โฌ๏ธ
https://t.co/LahyaFvAP7
DeFi on Bitcoin is about to change forever!
I just started the journey to running my own node on the @PortaltoBitcoin testnet ๐ค๐ผ
The only way to swap between BTC and other L1s with REAL self custody ๐
Join here โฌ๏ธ
https://t.co/LahyaFvAP7
DeFi on Bitcoin is about to change forever!
I just started the journey to running my own node on the @PortaltoBitcoin testnet ๐ค๐ผ
The only way to swap between BTC and other L1s with REAL self custody ๐
Join here โฌ๏ธ
https://t.co/LahyaFvAP7
DeFi on Bitcoin is about to change forever!
I just started the journey to running my own node on the @PortaltoBitcoin testnet ๐ค๐ผ
The only way to swap between BTC and other L1s with REAL self custody ๐
Join here โฌ๏ธ
https://t.co/LahyaFv2Zz
Jellies! The Aurelia Incentivized Public Testnet is live! ๐ชผ
Experience the first ever custodyless cross-chain infrastructure for Bitcoin enabling native BTC, EVM & Solana swaps.
No bridges. No wrapped assets. Pure Bitcoin interoperability.
Join here:
https://t.co/a8raAFSRof
@cysic_xyz
๐๏ธAMA Session Summary: Cysic Network Current Status and Future Plans ๐๏ธ
Cysic Network is experiencing impressive growth, attracting over 10,000 verifiers. However, the current task volume is insufficient to ensure consistent rewards for all participants.
Current Challenges and Planned Improvements:
Currently, a shortage of tasks leads to uneven reward distribution among verifiers. To address this, Cysic Network plans the following improvements:
Increased Task Volume: A significant increase in the number of tasks for verifiers is expected in the coming days.
Revised Reward Policy: The current system, where only 6 out of 10 selected verifiers receive rewards, will be revised. An increase in the number of rewarded verifiers per task is planned for the coming weeks.
These changes aim to ensure fairer and more consistent rewards for all active network participants. We encourage all verifiers to continue their active participation.
Phase 2 and Future Plans:
Phase 2 of the project will last 2-3 months. Next week, discussions will be held to plan Phase 3, which will be virtually identical to the mainnet (Mainnet), scheduled for launch in Q1 2025. Despite the tight deadlines, the Cysic Network team is confident in the projectโs successful implementation and relies on active community participation and feedback for optimization.
veSCR and Consensus Mechanism:
veSCR is a unit of measurement for computational power within the Cysic Network. It is not directly convertible to SCR tokens but serves as a tool for delegating computing resources to validators. veSCR holders receive rewards for contributing to block production, proportional to the amount of veSCR delegated.
Rewards for Testing and Verification:
The reward system for testing and verification needs to be unified. Any discrepancies in rewards for identical tasks indicate potential code errors. We urge the community to report any inconsistencies, providing the relevant addresses.
CGT Token and CYS Token:
CGT is a governance token used in the Cysic Network consensus mechanism. It is non-transferable but can be staked to receive CYS tokens, intended for gas fees and subsequent public trading.
Testnet and Reward System:
In the current testnet, participants earn points that will be converted into tokens upon completion of testing. The reward system is similar to the one that will be used during the TGE. Changes to the task distribution system will be implemented soon to ensure a more even distribution of rewards among verifiers.
Conclusion:
Cysic Network is actively developing and strives to provide fair and stable rewards for all participants. We appreciate your active participation and encourage you to continue contributing valuable feedback to optimize our network.
@bitbigcat@joeminly
@JOPI_piging
#CysicTestnet #ZKProofs #DePINs #AleoMining #Testnet #GenesisNode #CysicCommunity
๐Citizen Z Program: Unlock Your Voting Power with $vFHE!
Claim your periodic encrypted rewards $vFHE for free and delegate to maximize your benefits in #MindV!
๐ If you actively participated in our testnet before June (including past Testnet campaigns) โ you're eligible for a certain amount of $vFHE reward!
Redeem it here: https://t.co/QpeIqJlz4P or join the task below too!
๐ Missed the testnet? Join @Galxe quest to earn your basic $vFHE reward and claim on #MindV (open to all Minders)!
Link here: https://t.co/wN2YJaXvIL
Once you've claimed your $vFHE, dive into delegation! The $vFHE redemption period for the #MindNetwork CZ campaign is open until December 23 at 1 PM UTC.
Earn Cysic tokens as rewards while verifying and computing ZK proofs for top projects like @Scroll_ZKP and @AleoHQ, exclusively on @cysic_xyz. #cysictestnet
๐ Get started now: https://t.co/JELVHS09vU