Merlin Chain is a cutting-edge Layer 2 network designed to enhance Bitcoin's scalability through advanced technologies like ZK-Rollup, decentralized oracle networks, data availability, and BTC fraud-proof modules. This platform elevates Bitcoin’s utility by improving native assets, protocols, and applications initially built on Bitcoin’s Layer 1.
How Merlin Chain Works
Core Technologies
- ZK-Rollup Integration: Leverages zero-knowledge proofs for secure Bitcoin blockchain confirmations.
- Decentralized Oracle Network: Powered by Celestia for real-time data availability.
- EVM Compatibility: Supports Ethereum Virtual Machine (EVM) for seamless interoperability.
Key Features
- Enhanced Scalability: Processes transactions off-chain via ZK Rollups, reducing fees.
- Security: Inherits Bitcoin’s robust consensus mechanism.
- Native Innovations: Supports BRC20, BRC420, and other Bitcoin protocols.
MERL Tokenomics
Token Overview
- Total Supply: 2.1 billion BRC-20 tokens.
- Use Cases: Governance, staking, liquidity provisioning.
Allocation Strategy
| Purpose | Percentage |
|---|---|
| Development | 30% |
| Community | 25% |
| Security | 20% |
| Reserves | 25% |
Why Choose Merlin Chain?
- Low Transaction Costs: Optimized via ZK proofs.
- Bitcoin-Centric: Native support for Layer 1 Bitcoin assets.
- Community-Driven: Fair launches and decentralized governance.
👉 Explore Merlin Chain’s latest updates
FAQs
Q: What is Merlin Chain’s TVL?
A: Over $3.6 billion as of 2024.
Q: Is MERL staking available?
A: Yes, for network security and rewards.
Q: How does ZK-Rollup improve scalability?
A: By bundling transactions off-chain and submitting proofs to Layer 1.
Merlin Chain bridges Bitcoin’s Layer 1 innovations to Layer 2, fostering a secure, scalable, and user-centric ecosystem. Stay updated with MERL’s live price and market trends!