B2 Network and Merlin Chain Partnership

B2 Network and Merlin Chain are two of the projects that have been attracting a lot of attention lately. People are discussing them on social media, collecting airdrop points from B2 Network, and staking ALLY to get Power on Merlin. There are also some who have been participating in MERL Launchpad, an Ethereum mainnet staking event that will soon end. But what exactly is MERL and how does it work?

Merlin is a Bitcoin-native Layer 2 solution that is designed to provide scalability and security for both the Bitcoin blockchain and its ecosystem. It integrates key modules such as the ZK rollup and decentralized oracle network to empower and amplify Bitcoin’s native assets, protocols, and applications. Merlin Chain is also the first to include an on-chain BTC fraud proof module, enabling users to submit transaction evidence directly to the Bitcoin blockchain in order to prevent malicious transactions from compromising the system.

In addition to the above, Merlin Chain enables cross-chain asset transfer to ensure seamless integration with the Bitcoin ecosystem. This is particularly useful for EVM dApps that are normally unable to access the Bitcoin blockchain through layer-1 interfaces. In addition, Merlin Chain facilitates movement between layer-1 and layer-2 networks by transforming BTC into MBTC that can be used in both blockchains.

B2 Network is pleased to partner with Merlin Chain in advancing the security of the Bitcoin blockchain. B2 Hub is a data availability layer built on the Bitcoin blockchain that provides a high level of security for BTC Layer2. With the partnership, Merlin will integrate B2 Hub’s ZK Rollup into its protocol, which will enhance the security and liquidity of the BTC layer-2 ecosystem. For more details please visit merlinbtc mbtc merlinbtcchain

Moreover, the partnership will enable mBTC and solvBTC to bridge between Merlin Chain and B2 Network, further improving the liquidity of the BTC blockchain’s ecosystem. Moreover, this collaboration will encourage deeper partnerships between mBTC and solvBTC on both sides to foster a more integrated and seamless Bitcoin layer-2 ecosystem.

Merlin BTC holders who participate in staking on the Merlin Chain mainnet can obtain M-BTC (M-Points) by pledging their Bitcoin holdings to the MPC multi-signature wallet. This wallet is jointly managed by Cobo and Merlin Chain, thereby avoiding single-point risk for pledged assets. The M-Points can be used to claim a set amount of the original deposit, or can be sold and traded on the exchanges. Users can also earn additional M-Points by inviting friends to join Merlin Chain. This additional income is especially important for those who are staking their ALLY to earn Power. The M-Points will be redeemed in April when the staking rewards for the mainnet are released. In the meantime, a variety of eco-projects and DeFi protocols can be engaged in to generate more income for Merlin Chain users.