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Merlin Chain (MERL): A Bitcoin L2 With Cutting-Edge Architecture

Intermediate
Blockchain
Explainers
Bitcoin
May 6, 2024
7 min read
0

Bitcoin has been the leading cryptocurrency for years due to its vast user base and reliable price. However, this older blockchain technology often struggles to provide users with cutting-edge services. Merlin Chain hopes to empower Bitcoin by adding key features. This Layer 2 network has the potential to make Bitcoin faster, more affordable and easier to use, and it's already attracted a lot of early investors. Keep reading to see how Merlin Chain works, and to learn more about its native crypto.

Key Takeaways:

  • Merlin Chain is a Bitcoin Layer 2 ecosystem that uses zero-knowledge proofs to scale Bitcoin. It also offers many helpful features, such as oracles and NFTs, that support blockchain technology.

  • Looking to trade Merlin Chain tokens? Bybit now offers the MERL/USDT Spot trading pair and MERLUSDT Perpetual contracts.

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