What is Merlin Chain? Information about MERL Token?

The Bitcoin ecosystem is attracting a lot of attention, especially Layer-2 Merlin Chain. So, what is Merlin Chain? Let's find out right away!

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What is Merlin Chain?

Merlin Chain is a Layer 2 blockchain of Bitcoin utilizing the ZK-Rollups model, a decentralized oracle network, and fraud-proof security solutions. Additionally, Merlin Chain not only supports the development of other assets, protocols, and products on Bitcoin Layer 1 through its Layer 2 but also aims to “Make Bitcoin Fun Again”.

Specifically, the Merlin Chain project will be compatible with applications such as iZUMi Finance, Meson, Polyhedra Network, Bitmap Game, Bitmap War, and native DeFi applications like BRC-420 Mineral to diversify and develop the Bitcoin ecosystem.

Interface Merlin Chain

Furthermore, MerlinChain is a subsidiary product of Bitmap Tech, a leading OG group with a total market capitalization exceeding 500 million USD. Bitmap Tech’s BRC-420 “Blue Box” collection has previously become one of the hottest assets on Ordinals.

Product features of Merlin Chain

  • Native Bitcoin Layer2: MerlinChain allows the utilization of assets and protocols from Layer 1 on the Bitcoin network through Layer 2. This creates connectivity and integration between various assets and protocols, opening up numerous opportunities and innovative applications on the Bitcoin network.
  • Bridge to Merlin’s Seal: MerlinChain provides a bridge to connect with Merlin’s Seal, a product that enables the use of Layer 1 assets on Merlin Chain’s Layer 2 network.
Brigde
Brigde
  • ZK Rollup on Bitcoin: MerlinChain has implemented ZK-Rollup to enhance performance and scalability. ZK-Rollup accelerates and reduces transaction costs by processing multiple transactions within a generalized transaction on the blockchain.
  • Support for Bitcoin protocols: MerlinChain supports popular Bitcoin protocols such as BRC20, BRC420, Bitmap, Atomicals, Pipe, Stamp, and many others, allowing a large number of users to interact on the Bitcoin Layer 2.

Key features of Merlin Chain

Highlight

  • Low fees, high scalability: MerlinChain provides low transaction fees and high scalability as a network compatible with the Ethereum Virtual Machine (EVM). This ensures fast transaction processing and enhances transaction liquidity.
  • Support for Bitcoin protocols: MerlinChain supports popular Bitcoin protocols, enabling broader interaction on the Bitcoin Layer 2.
  • ZK-Rollup on Bitcoin: MerlinChain implements ZK-Rollup to enhance performance and scalability, enabling faster transaction processing and reduced costs.
  • Internal innovation: MerlinChain is committed to implementing fair and community-based initiatives on Layer 2, aiming to provide unique solutions for the Bitcoin network and its users.

Special features of Merlin Chain

Brc 420

A notable feature of MerlinChain is the BRC-420 experiment. This experiment utilizes recursion to define game items, animations, effects, and gameplay modules within the metaverse flexibly and creatively. Importantly, all these formats will be open-source, providing opportunities for anyone to create their own “metaverse inscriptions”.

Furthermore, BRC-420 establishes a relationship between usage rights and copyright benefits based on the same Inscription. This means that when you own an Inscription, you can decide on its usage rights distribution and establish value for them, thereby opening up opportunities for creating new business models and creativity in the Ordinals market.

Related: Guide to Earning M-Points on MerlinChain

What is MERL token?

  • Token name: Merlin
  • Ticker: MERL
  • Blockchain: Bitcoin, Merlin Chain
  • Total supply: 2,100,000,000 MERL
  • Circulating supply: 21,000,000 MERL

Development team

MerlinChain is a subsidiary product of Bitmap Tech, a leading group in this field with a total market capitalization exceeding 500 million USD. This demonstrates the project’s reliability and credibility. Additionally, Bitmap Tech’s BRC-420 “Blue Box” collection has become one of the hottest assets on Ordinals, standing out with its value and growth potential.

Investors

Investor
Investor

MerlinChain has announced a new funding round from 24 investors, including OKX Ventures, ABCDE, Foresight Ventures, and Arkstream Capital. However, information about the total amount of funds raised has not been disclosed.

Project information

To learn more about MerlinChain, you can follow the project on the following platforms:

4.7/5

(30 votes)
  1. Avatar of Sumanbano
    Sumanbano

    Hlo

    • Avatar of Muhammad Ajmal
      Muhammad Ajmal

      Great Project

      • Avatar of Nnaji Angela Ozioma
        Nnaji Angela Ozioma

        Great 👍 I am interested on it

      • Avatar of
        Anonymous

        Great project

        • Avatar of
          Anonymous

          Your write for somethings? When all you write are late, we dont need it

      • Avatar of Abdulrazaq
        Abdulrazaq

        Can you unlish your insight about this project

  2. Avatar of Sekou Koulibaly
    Sekou Koulibaly

    C’est cool

  3. Avatar of Sekou Koulibaly
    Sekou Koulibaly

    C’est cool cette application

  4. Avatar of Muhammad Niaz
    Muhammad Niaz

    Assalamualaikum
    Good morning 🌄
    How are you doing today
    Please give me all airdrop link send me

  5. Avatar of
    Anonymous

    Nice information

  6. Avatar of Naziru isa Abubakar
    Naziru isa Abubakar

    [email protected]
    Nice information

  7. Avatar of
    Anonymous

    What a promising project!!

  8. Avatar of Ariful Islam
    Ariful Islam

    Good

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