FAQ
What is Photon?
Photon is an application layer designed to scale a new Bitcoin economy. We aim to extend Bitcoin's reach and utility by offering a range of solutions and features to activate the dormant potential of approximately 15.4 million illiquid Bitcoins.
What’s the difference between Photon and other BTC L2s?
Photon positions itself as an EVM+ compatible L2, featuring Bitcoin Restaking for sustainable yields beyond HODL, and the Photon Router for seamless asset transfers. We focus on a high-performance execution framework and a comprehensive economic model designed specifically for scaling Bitcoin's utility and economic activity.
How can I contribute to Photon?
You can contribute to Photon by building dApps, providing feedback, engaging in the community, creating educational content, promoting Photon, participating in the economic incentives, and exploring partnerships.
What’s the current stage of Photon development?
As of writing in May 2024, Photon is in the Supernova Testnet phase, preparing for its transition to Mainnet. This stage involves rigorous stress testing and community feedback to ensure stability and functionality across all components.
How to join Supernova Testnet?
To join the Supernova Testnet for Photon, visit the Photon website, create an account if necessary, access the testnet resources section, download any required tools, obtain testnet tokens, follow setup instructions provided by Photon, and start engaging and testing within the testnet environment.
When will Photon launch Mainnet?
The Mainnet launch of Photon is scheduled for Q3 2024, following successful completion and testing of the Supernova Testnet. The exact date will be announced on our official channels.
When is the planned Nodes Sale?
The nodes sale is planned to occur just before the Mainnet launch, aimed at distributing the initial batch of nodes to early supporters and stakeholders. Exact details and dates will be provided on our website and through community updates.
Can I run Photon node?
Yes you can.
Why choose Photon for Bitcoin Restaking?
Photon offers a sustainable and transparent staking mechanism that not only provides returns but also supports the network's security and efficiency. It allows Bitcoin holders to earn yields beyond traditional HODLing strategies, contributing directly to the economic growth of the Bitcoin ecosystem.
Who can apply to run node?
Any individual or organization that meets the technical requirements and agrees to the network’s protocol can apply to run a node. The application process is designed to be inclusive to foster a robust and decentralized network towards scaling the Bitcoin economy.