What is Cyber? Get to know the Ethereum Layer 2 Restaked Platform

Bittime - Cyber is an Ethereum-based Layer 2 solution focused on the Web3 social world. So, this article will discuss what Cyber ​​is, as well as Cyber ​​tokens. Curious? Keep reading this article!

Different from other Layer 2 networks, this platform presents a concept Restaked Layer 2, which enables more optimal integration with blockchain-based social applications. 

With advanced technology such as CyberID, Smart Account, and Seedless Wallet, the platform aims to build a more decentralized, secure and easy-to-use social ecosystem. The following is the complete review.

What is Cyber?

Source: Cyber

Cyber ​​is a platform Restaked Layer 2 (L2) Ethereum specially designed for Web3 social applications. The platform aims to provide a more decentralized, secure and easy-to-use social experience through advanced technologies such as Cyber L2, CyberID, And Smart Accounts.

platform Restaked Layer 2 Ethereum ini enabling developers to create more innovative social applications and connect directly to the Web3 ecosystem. 

With this approach, users gain complete control over their digital identities, assets, and interactions without dependency on a centralized platform.

Read also: Ethereum Price History 2015-2025

Cyber ​​History

CyberConnect, the company behind Cyber, was founded in 2021 with the aim of building a decentralized social protocol. This project received funding of $25 million (Rp. 387.5 billion). 

The funds are used to develop Cyber ​​L2 infrastructure. Apart from that, these funds are also used to develop superior products such as Link3, a blockchain-based social platform that now has more than 2 million users.

Over time, CyberConnect expanded its technology by providing Cyber L2, the first Layer 2 solution to adopt the concept Restaked Ethereum. Cyber ​​L2 enables faster, cheaper, and optimized transactions for social applications, making it a fundamental solution for Web3 developers.

Cyber Use Case

Cyber ​​has several key features that make it an innovative Web3 social ecosystem. The following are some uses of Cyber:

1. CyberID – Blockchain-based digital identity in the form of ERC-721 tokens, allowing users to have a unique identity in the Web3 world.

2. Cyber L2 – Ethereum based Layer 2 that delivers solutions restaking to increase the security and efficiency of transactions.

3. Native Smart Account (EOA = AA) – A smart account system that allows users to interact more safely and efficiently with the blockchain.

4. Seedless Wallet – Passwordless wallets that utilize biometric technologies such as FaceID And WebAuthn for a more comfortable user experience.

5. CyberDB – Cost-effective decentralized storage system powered by EigenLayer AVS.

6. Yield Staking – Ability to earn returns from staking ETH, LST, and LRT in the Cyber ​​ecosystem.

Read also: Is Ethereum Worth an Investment? Complete Guide for 2025

What Are CYBER Tokens?

Token CYBER is the native token of the Cyber ​​ecosystem. The token is used for various purposes, including transaction payments, staking, and participation in network governance. 

CYBER also plays a supporting role sequencer decentralization, ensuring the network remains secure and cannot be censored.

As a utility and governance token, CYBER gives its holders the right to propose and vote on protocol changes. This ensures that Cyber ​​develops in accordance with the interests of its community.

CYBER Token Tokenomics

Source: Cyber

Cyber ​​has total supply 100.000.000 CYBER, which are distributed in various categories as follows:

With this distribution model, CYBER ensures sustainable ecosystem growth and supports the development of blockchain-based social applications.

Read also: When is the Best Time to Buy Ethereum (ETH)? This is the Complete Analysis

Conclusion

Cyber ​​is the latest innovation in the world of blockchain. By making use of Restaked Layer 2 Ethereum, Cyber ​​presents safer digital identities, cheaper transactions, and full control over users' social data. 

CYBER tokens play an important role in this ecosystem, ensuring decentralized governance and fair economic incentives for all users. So, are you interested in this platform?

FAQ

1. What is Cyber?

Cyber ​​is a platform Restaked Layer 2 Ethereum designed for Web3 social applications, features decentralized digital identity and efficient transactions.

2. What is the use of CYBER tokens?

CYBER tokens are used for transactions in the Cyber ​​ecosystem, staking, and network governance.

3. What is Cyber ​​L2?

Cyber ​​L2 is the solution Layer 2 Ethereum that supports social applications with low fees, fast transactions, and advanced security features.

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Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

Reference 

Coinmarketcap, About Cyber, accessed March 24, 2025.

Cyber, Cyber ​​L2, accessed March 24, 2025.

Cyber, CYBER Token, accessed March 24, 2025.

Author: Y