Merlin Chain Launches Bitcoin L2 Solution on Testnet
This week, the highly anticipated Bitcoin L2 solution called Merlin Chain went live on its testnet, with plans for the mainnet launch within a month. Bitcoin has been facing network congestion and scalability issues, leading to high transaction costs and discouraging new users. Merlin Chain, an EVM-compatible L2 chain developed by Bitmap Tech, aims to address these challenges and unlock Bitcoin’s potential through innovative native assets, users, and protocols.
ZK-Rollup for Efficient and Secure Scaling
Merlin Chain has adopted ZK-Rollup technology to improve transaction efficiency and scalability. Sequencer nodes collect and batch transactions, generating compressed transaction data and ZK proofs. These are then uploaded via a decentralized Oracle network to the Bitcoin L1 taproot for transparency and security. The Oracle network nodes stake BTC to prevent improper activities, while users can initiate challenges to ensure system security.
Native Integration for a Bitcoin-Centric Approach
Merlin Chain differentiates itself as a “Bitcoin Native” L2 solution. It supports bitcoin-native wallets, allowing users to seamlessly switch between L1 and L2. The platform also plans to support major protocols on Bitcoin L1 and adopt BRC-20 as its governance token. With a focus on simplifying Bitcoin adoption and attracting new users, Merlin Chain integrates a multi-chain inscription DApp, enabling users to interact with familiar assets on other layers, including Bitcoin L1.
The Future of Bitcoin with Merlin Chain
Merlin Chain is set to revolutionize Bitcoin’s ecosystem by providing an efficient, secure, and innovative L2 solution. It aims to bring new users and assets to Bitcoin while simplifying the adoption process. With its upcoming mainnet launch, Merlin Chain is poised to unlock the full potential of Bitcoin and make it more accessible and fun for everyone.
Hot Take: Merlin Chain Positions Itself as a Bitcoin Native L2 Solution
Merlin Chain’s introduction of an EVM-compatible L2 network, ZK-Rollup technology, and native integration showcases its commitment to Bitcoin’s ecosystem. By focusing on delivering Bitcoin-native innovations and simplifying Bitcoin adoption, Merlin Chain aims to drive growth and expand the reach of the Bitcoin network. With its unique approach and promising features, Merlin Chain has the potential to become a leading player in the L2 space and transform the future of Bitcoin.
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