Merlin Chain (MERL) is a Layer-2 protocol designed to enhance scalability, interoperability, and efficiency for Bitcoin users. It offers a suite of advanced features that enable faster and more cost-effective transactions. The protocol uses zero-knowledge proofs (ZKPs) to ensure the security, integrity, and decentralization of the Bitcoin network are maintained while achieving these enhancements.
Merlin Chain integrates various components, including ZK-Rollup, decentralized oracles, data availability, and on-chain fraud proof modules. ZK-Rollup enables batching of multiple transactions and processing off-chain, reducing congestion on the Bitcoin blockchain, and achieving higher throughput and lower transaction fees. Decentralized oracle nodes compile transaction data and upload it to the Bitcoin mainnet, ensuring data availability and transparency. On-chain fraud proof modules prevent fraudulent activities on the network, and EVM compatibility enables seamless integration with existing Ethereum-based projects. Merlin Chain offers several advantages over traditional Layer-1 solutions, including security, scalability, interoperability, and cost-efficiency.
MERL has a total supply of 2,100,000,000. The current circulating supply of MERL is 226,500,000.
Consider investing in Merlin Chain (MERL)? It only takes 2 minutes to create an account on Bitget and start trading MERL.
Check out the available MERL trading pairs on Bitget!
Spot market
Buy Merlin Chain in Bulgaria with Bitget