2024-04-15
Merlin Chain is a Bitcoin’s layer-2 blockchain. Merlin Chain is built on Polygon's ZK technology with decentralized Oracle network for data availability via Celestia.
It scales Bitcoin using ZK-Rollup
technology to provide low fees and high scalability, making transactions swift
and efficient. Users can bridge bitcoins from Bitcoin network to Merlin Chain.
Merlin Chain is an EVM-compatible
chain, it supports a wide range of Bitcoin protocols, such as BRC20 and BRC420,
which allows for a broader user base to engage with Bitcoin's Layer 2.
Merlin Chain launched its mainnet on
February 2024. MERL is a governance token of Merlin Chain. However, Merlin
Chain uses bitcoin to pay for transaction fees.
The platform is committed to native
innovation, with a focus on empowering Bitcoin's native assets, protocols, and
products on Layer 1 through its Layer 2 network.
Merlin Chain's implementation of
ZK-Rollup enhances efficiency and scalability, with sequencer nodes managing
data transmission via decentralized oracles, ensuring transparency and
security. This commitment to innovation is also reflected in its support for
community-driven projects and fair launches.
For those interested in building on
Merlin Chain, there are grants available to support development and encourage
the creation of unique solutions designed for the Bitcoin network.
Additionally, Merlin Chain is making
strides in the DeFi space, as evidenced by its total value locked (TVL) and the
variety of coins and NFTs it supports. It currently has $609 million in TVL.
For users looking to integrate Merlin
Chain with their MetaMask wallet, there are resources available that guide
through the process.
