Merlin Chain is a cutting-edge Layer 2 network designed to expand Bitcoin's functionality by integrating advanced technologies like ZK-Rollup, decentralized oracle networks, Data Availability, and BTC fraud proof modules. This platform enhances Bitcoin's utility by improving assets, protocols, and products initially built on Bitcoin's Layer 1, fostering a more interactive and efficient ecosystem.
How Merlin Chain Works
Merlin Chain leverages Polygon's ZK technology to boost Bitcoin's scalability and functionality. Key features include:
- ZK-Rollup Transactions: Processes transactions off-chain using zero-knowledge proofs, ensuring security and efficiency.
- EVM Compatibility: Supports Ethereum Virtual Machine (EVM) smart contracts, enabling interoperability with other blockchain ecosystems.
- Decentralized Oracles: Utilizes Celestia for data availability and Lumoz for zero-knowledge proof computations, enhancing transparency and security.
- Cost Optimization: Employs zkSNARKs to minimize Layer 1 data storage, reducing transaction fees and increasing throughput.
👉 Learn more about ZK-Rollup technology
MERL Token: Prices and Tokenomics
Merlin Chain's native token, $MERL, is a BRC-20 token with a fixed supply of 2.1 billion units. It plays a pivotal role in governance, staking, and transactions within the ecosystem.
Key Tokenomics:
- Governance: MERL holders participate in network decisions through a structured model.
- Staking: Users can stake MERL to enhance network security or delegate stakes to support operational efficiency.
- Allocation: Phased release strategy ensures controlled market entry, balancing growth and inflation.
Market Performance:
- Total Value Locked (TVL): Over $3.6 billion.
- DApps: Supports DeFi, gaming, and social platforms.
Merlin Chain Highlights
- EVM Compatibility: Low fees, high scalability, and seamless Ethereum interoperability.
- Bitcoin Protocol Support: Integrates BRC20, BRC420, Bitmap, Atomicals, and more.
- ZK-Rollup Technology: Enhances efficiency and security with decentralized oracle networks.
- Community-Driven Innovations: Focuses on equitable launches and user-centric solutions.
👉 Discover Bitcoin Layer 2 innovations
FAQs About Merlin Chain and MERL Token
Q1: What is Merlin Chain?
A: Merlin Chain is a Bitcoin Layer 2 network using ZK-Rollup to improve scalability and utility.
Q2: How does MERL token function?
A: MERL is used for governance, staking, and transactions, with a fixed supply of 2.1 billion tokens.
Q3: Is Merlin Chain EVM-compatible?
A: Yes, it supports EVM smart contracts for cross-chain interoperability.
Q4: What makes Merlin Chain unique?
A: Its integration of Bitcoin protocols, ZK-Rollup, and community-driven development.
Q5: Where can I track MERL prices?
A: Use live charts on reputable crypto platforms like OKX for real-time data.
Q6: How secure is Merlin Chain?
A: It inherits Bitcoin's security via ZK proofs and decentralized oracles.
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