Merlin_Chain
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Project Information on Merlin Chain (MERL)
1. Overview of #Merlin_Chain
Merlin Chain is a Layer 2 (L2) solution built on the Bitcoin blockchain, launched in June 2023, aimed at enhancing scalability, reducing transaction costs, and speeding up transaction processing on the Bitcoin network. The project utilizes ZK-Rollup technology, integrates a decentralized oracle network, and employs anti-fraud mechanisms (fraud proof) to ensure transparency, security, and performance. Merlin Chain aims to “Make Bitcoin Fun Again” by supporting the development of applications and assets on Bitcoin Layer 1 through Layer 2, while also being compatible with the Ethereum Virtual Machine (EVM) to facilitate developers in easily migrating smart contracts from other EVM chains to Merlin Chain.
Merlin Chain is a Layer 2 (L2) solution built on the Bitcoin blockchain, launched in June 2023, aimed at enhancing scalability, reducing transaction costs, and speeding up transaction processing on the Bitcoin network. The project utilizes ZK-Rollup technology, integrates a decentralized oracle network, and employs anti-fraud mechanisms (fraud proof) to ensure transparency, security, and performance. Merlin Chain aims to “Make Bitcoin Fun Again” by supporting the development of applications and assets on Bitcoin Layer 1 through Layer 2, while also being compatible with the Ethereum Virtual Machine (EVM) to facilitate developers in easily migrating smart contracts from other EVM chains to Merlin Chain.
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